You can download the flash player code for Player 1 from here:
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Have a look at the controller, play pause buttons. The project focuses
on the following:
The scope of this project is to make a control bar similar to that of the player in the following page (Player 2).
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All we want to change is the UI of the first player to look exactly the same as the second player, we do not need any change in the back-end functionality of the player. Also it should show Buffering information before the video starts playing.
Some helpful links where you can find the skin of the second player:
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You need some experience with both Flash and actionscript to get this work done. Only people who can deliver this functionality very soon (in next one week should contact).