Video Linking Websites?

Well, I am in dire need of some advice. I had been thinking of making a site like tvshack for ages, and with the infinite websites out there just like tvshack i thought It would be a no risk site to make. So I started creating my web template and adding a content, untill the other day I heard that there had been the biggest clampdown on video link sites in 10 years with tvshack, piratebay... all being seized. Is there away to create this site without being siezed, I have noticed site like surfthechannel still exist that are huge. Is there a way of doing it and avoiding detection, I do not host the video's on my server only link to embedded third party website players like megavideo. So what make's it so some video linking site run smoothly and other don't, and would i just get asked to remove certain videos or pay a fine? Or is there a legal way to run a video linking website?