It's more the longer term potential - businesses change, or see valuable partners and may decide to react accordingly, I guess having many CDNs is the best approach and swapping them out on the fly.
I do have other concerns, mainly about the pricing and how you plan to deal with things like hotlinking, taking a .m3u8 is super easy to abuse. You charge $780 for 416 days worth of streaming or in easier terms $1/12 hours of streaming so I wonder whether you will let people impose limits or what happens once those limits are reached.
I could easily take someone elses m3u8 and let them run up the charges on your service whilst I get the wonderful video hosting for myself.
I especially liked this part:
"Please do not upload video, download the playable assets, and then delete video."
You might as well offer that as a service since there's not really much you can do to prevent people using you as a transcode service directly (well, you can, but do you want to?)