Go to Appearance > Theme Options > Slider Settings And put the embed code of the video to the the "Slider Image 1" text box and save the settings. It will show the video in the home page, and you have to adjust the width and height of the video which you can adjust in the embed code of the video. This will solve your problem.
I also tried to add the embed code from Youtube to replace the Iphone image and it just came up with a black slider. Am I able to contact you privately to send my admin details to have a quick look? Thanks.
Please provide the following information listed below. Thread Link: http://www.inkthemes.com/community/threads/video-on-homepage-to-replace-image-slider-area.4017/ Your Website URL: WordPress Username: WordPress Password: Send this information on our email at [email protected] We will check and resolve your issue