This idea has been developed and deployed to Canvas
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As it currently stands the only way to resize an embedded Studio video on a page is to go through the Html editor. This is not an easy task for the majority of all K-12 users of Canvas. Once a video is placed on a page, it's one-size-fits-all.
A feature that we and our teachers would love to see is: Allowing users the ability to easily resize their videos much like they currently would with static images.