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It's going to be tough, especially since you didn't take your hosting costs into account.
Video hosting is something of a specialty service - it sounds like you are hosting all the video, so you have to be damn sure that you are renting a server from a company that rents to video people - but such companies expect you to buy large chunks of bandwidth.
The only way I would think a project like that could work would be to use it as a "loss leader" - figure out multiple ways to funnel traffic off the free vids into pages where you can sell, sell, sell.
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