[YouTube-API] Youtube AS3 Api without logo

Security.allowDomain("www.youtube.com")

var my_player:Object;

var my_loader:Loader = new Loader();

public function ytPlayer() {

my_loader.load(new URLRequest("http://www.youtube.com/apiplayer?version=3&modestbranding=1")); 

my_loader.contentLoaderInfo.addEventListener(Event.INIT, onLoaderInit);

}

function onLoaderInit(e:Event):void{

addChild(my_loader); 

my_player = my_loader.content;

my_player.addEventListener("onReady", onPlayerReady); 

} 

function onPlayerReady(e:Event):void{

my_player.setSize(640,360);

my_player.loadVideoById("_OBlgSz8sSM",0);

} 

I am loading a youtube video inside a AS3 app, and want the youtube logo not to be visible. I have used modestbranding but still it shows the logo. Please suggest.

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