Here's a working solution for displaying a "video wall" in a UICollectionView:
1) Store all of your cells in an NSMapTable (from henceforth, you will only access a cell object from the NSMapTable):
self.cellCache = [[NSMapTable alloc] initWithKeyOptions:NSPointerFunctionsWeakMemory valueOptions:NSPointerFunctionsStrongMemory capacity:AppDelegate.sharedAppDelegate.assetsFetchResults.count];
    for (NSInteger i = 0; i < AppDelegate.sharedAppDelegate.assetsFetchResults.count; i++) {
        [self.cellCache setObject:(AssetPickerCollectionViewCell *)[self.collectionView dequeueReusableCellWithReuseIdentifier:CellReuseIdentifier forIndexPath:[NSIndexPath indexPathForItem:i inSection:0]] forKey:[NSIndexPath indexPathForItem:i inSection:0]];
    }
2) Add this method to your UICollectionViewCell subclass:
- (void)setupPlayer:(PHAsset *)phAsset {
typedef void (^player) (void);
player play = ^{
    NSString __autoreleasing *serialDispatchCellQueueDescription = ([NSString stringWithFormat:@"%@ serial cell queue", self]);
    dispatch_queue_t __autoreleasing serialDispatchCellQueue = dispatch_queue_create([serialDispatchCellQueueDescription UTF8String], DISPATCH_QUEUE_SERIAL);
    dispatch_async(serialDispatchCellQueue, ^{
        __weak typeof(self) weakSelf = self;
        __weak typeof(PHAsset) *weakPhAsset = phAsset;
        [[PHImageManager defaultManager] requestPlayerItemForVideo:weakPhAsset options:nil
                                                     resultHandler:^(AVPlayerItem * _Nullable playerItem, NSDictionary * _Nullable info) {
                                                         if(![[info objectForKey:PHImageResultIsInCloudKey] boolValue]) {
                                                             AVPlayer __autoreleasing *player = [AVPlayer playerWithPlayerItem:playerItem];
                                                             __block typeof(AVPlayerLayer) *weakPlayerLayer = [AVPlayerLayer playerLayerWithPlayer:player];
                                                             [weakPlayerLayer setFrame:weakSelf.contentView.bounds]; //CGRectMake(self.contentView.bounds.origin.x, self.contentView.bounds.origin.y, [[UIScreen mainScreen] bounds].size.width, [[UIScreen mainScreen] bounds].size.height * (9.0/16.0))];
                                                             [weakPlayerLayer setVideoGravity:AVLayerVideoGravityResizeAspect];
                                                             [weakPlayerLayer setBorderWidth:0.25f];
                                                             [weakPlayerLayer setBorderColor:[UIColor whiteColor].CGColor];
                                                             [player play];
                                                             dispatch_async(dispatch_get_main_queue(), ^{
                                                                 [weakSelf.contentView.layer addSublayer:weakPlayerLayer];
                                                             });
                                                         }
                                                     }];
    });
    }; play();
}
3) Call the method above from your UICollectionView delegate this way:
- (UICollectionViewCell *)collectionView:(UICollectionView *)collectionView cellForItemAtIndexPath:(NSIndexPath *)indexPath
{
    if ([[self.cellCache objectForKey:indexPath] isKindOfClass:[AssetPickerCollectionViewCell class]])
        [self.cellCache setObject:(AssetPickerCollectionViewCell *)[collectionView dequeueReusableCellWithReuseIdentifier:CellReuseIdentifier forIndexPath:indexPath] forKey:indexPath];
    dispatch_async(dispatch_get_global_queue(0, DISPATCH_QUEUE_PRIORITY_HIGH), ^{
        NSInvocationOperation *invOp = [[NSInvocationOperation alloc]
                                        initWithTarget:(AssetPickerCollectionViewCell *)[self.cellCache objectForKey:indexPath]
                                        selector:@selector(setupPlayer:) object:AppDelegate.sharedAppDelegate.assetsFetchResults[indexPath.item]];
        [[NSOperationQueue mainQueue] addOperation:invOp];
    });
    return (AssetPickerCollectionViewCell *)[self.cellCache objectForKey:indexPath];
}
By the way, here's how you would populate a PHFetchResult collection with all videos in the Video folder of the Photos app:
// Collect all videos in the Videos folder of the Photos app
- (PHFetchResult *)assetsFetchResults {
    __block PHFetchResult *i = self->_assetsFetchResults;
    if (!i) {
        static dispatch_once_t onceToken;
        dispatch_once(&onceToken, ^{
            PHFetchResult *smartAlbums = [PHAssetCollection fetchAssetCollectionsWithType:PHAssetCollectionTypeSmartAlbum subtype:PHAssetCollectionSubtypeSmartAlbumVideos options:nil];
            PHAssetCollection *collection = smartAlbums.firstObject;
            if (![collection isKindOfClass:[PHAssetCollection class]]) collection = nil;
            PHFetchOptions *allPhotosOptions = [[PHFetchOptions alloc] init];
            allPhotosOptions.sortDescriptors = @[[NSSortDescriptor sortDescriptorWithKey:@"creationDate" ascending:NO]];
            i = [PHAsset fetchAssetsInAssetCollection:collection options:allPhotosOptions];
            self->_assetsFetchResults = i;
        });
    }
    NSLog(@"assetsFetchResults (%ld)", self->_assetsFetchResults.count);
    return i;
}
If you want to filter videos that are local (and not in iCloud), which is what I'd assume, seeing as you're looking for smooth-scrolling:
// Filter videos that are stored in iCloud
- (NSArray *)phAssets {
    NSMutableArray *assets = [NSMutableArray arrayWithCapacity:self.assetsFetchResults.count];
    [[self assetsFetchResults] enumerateObjectsUsingBlock:^(PHAsset *asset, NSUInteger idx, BOOL *stop) {
        if (asset.sourceType == PHAssetSourceTypeUserLibrary)
            [assets addObject:asset];
    }];
    return [NSArray arrayWithArray:(NSArray *)assets];
}