The CMS requires a release version of FFmpeg 2.6 or greater in order to take advantage of all of the CMS functionality.
Your host / tech will need to install / update FFmpeg. In the vast majority of cases, the release static build of FFmpeg available here will work:
http://johnvansickle.com/ffmpeg/
Note: We require a release version of FFmpeg. Please do not use a GIT version of FFmpeg.
If your host needs to manually compile FFmpeg, the source for FFmpeg releases can be found here:
http://ffmpeg.org/download.html#releases
We recommend the following be compiled in with FFmpeg:
libx264, libxvid, libmp3lame, libamr-nb, libamr-wb