diff --git a/xblocks_contrib/__init__.py b/xblocks_contrib/__init__.py
index 070f8da1..fdb8bc6b 100644
--- a/xblocks_contrib/__init__.py
+++ b/xblocks_contrib/__init__.py
@@ -9,4 +9,4 @@
 from .video import VideoBlock
 from .word_cloud import WordCloudBlock
 
-__version__ = "0.8.0"
+__version__ = "0.8.1"
diff --git a/xblocks_contrib/video/exceptions.py b/xblocks_contrib/video/exceptions.py
new file mode 100644
index 00000000..eaa24d02
--- /dev/null
+++ b/xblocks_contrib/video/exceptions.py
@@ -0,0 +1,11 @@
+"""
+Exceptions for video block.
+"""
+
+
+class TranscriptsGenerationException(Exception):
+    pass
+
+
+class TranscriptNotFoundError(Exception):
+    pass