We’ve found an article that covers almost all aspects of the audio and video tags.
One of the major advantages of the HTML5 video element is that, finally, video is a full-fledged citizen on the Web. It’s no longer shunted off to the hinterland of object or the non-validating embed element.
So now, video elements can be styled with CSS; they can be resized on hover using CSS transitions, for example. They can be tweaked and redisplayed onto canvas with JavaScript. Best of all, the innate hackability that open web standards provide is opened up. Previously, all your video data was locked away; your bits were trapped in a box. With HTML5 multimedia, your bits are free to be manipulated however you want.