How to reduce the load time of the videos?

[Nikhil]

I am getting a web portal developed in which there are gonna be lots of videos ( ofcourse in flv format ) which can vary anywhere between 1 MB - 500 MB.

Now, when we are testing our application with the videos we noticed that the videos are taking forever to load, for example 4 Min video took more than 15 mins to completely buffer on 2 Mbps line...ahhh thats awful.

I read somewhere that the loading of pages and videos of a website has a lot to do with the kind of server its being hosted on and also the traffic of that website.

Well, my site is being hosted on a dedicated server and currently I am the only one accessing the website so for obvious reasons the load time has to be fast.I know that there is something which went wrong with the site but I am unable to figure that out.

I am also mentioning the features of the server I got just in case if you think the server isnt good might let me know :

Intel Xeon 3060 2.4 GHz Dual Core Processor
Windows Server 2003 - Standard R2 - Unauthenticated - 32 bit
5 IPs
100 Mbps Uplink
2000 GB Bandwidth
2 GB RAM
SATA
500 GB IDE/SATA HDD

Please advise me on how can I reduce the load time of the videos.

Really hoping that I can get some sort of help here.

Thanks