The videos are stored by miners on IPFS. The CID hashes from IPFS are stored on Hive in order to perform the PoA "random file access." Bot the videos and text are stored in a decentralized way which is incentivised by the speak network.
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To further expand, in order to get a reward from mining on the Speak Network, you'll need to prove you have a random historical piece of the network downloaded. Fail/pass checks are performed on IPFS. Blockchain is used to reward miners with the SPK token. So the videos will need to be downloaded, or the miner does not get paid. It's using both IPFS and Blockchain combined into a fully autonomous system.