Problem linking to my YouTube video

Hi,

I am using CS6 and am having a problem getting the Media panel to accept the url for my YouTube video.  Here are the steps I follow:

Create and select an empty frame

Open the Media panel

Click the "place a video from a URL" icon

Copy and paste the url from YouTube (http://www.youtube.com/watch?v=PdboxHSzEzs&feature=youtu.be)

After I paste the link into the url field and click OK, I receive the following error message:  "The url must reference a file that is compliant with Flash Player"

What am I doing wrong?

Thanks,

Paul