A lot of good products out there, and over the years I've tried most of them, but now use a heavily modified version of Mech Bunny.
It's always a work in progress though as we come up with new additions we want or adjust things based on member feedback.
You really need to make a detailed list of what you want your CMS to do, and then go from there. For example, do want members to interact with each other? Allow comments? If so, do you want the option to silence abusive members? Do you want to track member usage and see what they are looking at? Will the CMS encode the videos for you or will you upload them already encoded? Will it be responsive? Do you want an ad system built into your CMS? Will it be for one site or many? One admin or a different admin for each site? Will you allow downloads or streaming only? And so on and so forth. You really need to think it all out in detail and then start contacting everyone who makes a CMS to see if your ideas work with their product out of the box or will it have to be modified.
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