And videos of what size will you be uploading? Free mode WebSites give you 1G, Shared and Reserved - 10G.
Check out this project, as it is MVC4 Media Services explorer.
Also check out this blog post on how to upload directly to Blob Storage using HTML5. To upload to the Asset via HTML5, you must first get a Shared Access Locator and upload files to the container you get SAS from the Media Service.