This idea has been developed and deployed to Canvas

For more information, please read through the Canvas Deploy Notes (2020-08-26)

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For institutions that elected to use Canvas Studio, the Rich Content Editor's native media upload option should be replaced with the Studio option.  This would ensure instructors place their media course material into the course in a way that it can readily be captioned with the Studio auto-captioning feature, for one.  But, ultimately, replacing the native media tool option with the Studio option will ensure the service is used by default; the institution is paying for the extra service, anyway.