If want to update or create a new video heavy magazine like site, then I recommend you to have a closer look at Newinvi. The demo actually showcases its layout options in an impressive way.
Combine the modern and timeless design with often requested feature like a front end video submission form, a members area where registered users can create playlists and save videos to watch at a later date as well as the WooCommerce integration and you get quite an impressive platform to work with.
For more details check the demo and read through the official feature list.
In case the Newinvi theme is not what you are looking for, check out our collection of the best video WordPress themes available today.