As far as I'm concerned, the problem only appears when I'm watching a video with QuickTime. That is to say, DIRECTLY with the app open OR in preview (space key) in the Finder.
Since I first noticed this (extremely annoying) problem, I open all my videos with VLC. Since then... the problem has gone away. Having said that, not having to use QuickTime is not a bug resolution in my opinion (and even then... I'm being kind when I say "bug". We're still talking about a complete machine crash here!!!! 😡)
Also (I share my experience), on my side, the problem ALWAYS manifests itself by the video freezing (but the sound continues), then a progressive blocking of ALL THE MAC!
It's impossible to unblock anything. Once the video is frozen, it's certain that within ~1 to 1.5 minutes, the Mac will crash completely, then reboot...
Note that my Mac was affected by the "Pink Screen of the death" when it was new! This bug has been resolved by an update to macOS (Pink Screen and Restarting on M1 MacBook … - Apple Community)
Please Apple -> Resolve this rapidly…
I have buy an expensive Hadwarve (Mac), EXCTLY, so I don't have the problems of the PC world on my Mac!!!!