Video Blog Roll (or Archive List)

I would like to create a video blog page and emulate the video clips blog roll from the comedycentral.com site.

Checkout the screenshot below:
https://www.dropbox.com/s/ys7h13pby8363tv/SCR_Ideas_ComedyCentral-Video_01_2013Apr19.jpg

I would like to do the following:

1. Create a similar video blog loop - this means a list of videos can be displayed and when clicked would play the video on the allocated area above.

2. Include a "Now Playing" alert or indication on the list to display what video (from the list) is currently playing.

Here's the live site example:
http://www.comedycentral.com/video-clips/xg1as4/key-and-peele-new-bruce-willie-movie

I would really appreciate some help in leading me towards the right direction to build such a feature. Would you know of any plugins, apps or feature I can utilize to accomplish a similar functionality?