I'm not sure what happened with the code, but now it's finally giving me an error signal. The error and error string are QMediaPlayer::FormatError "Failed to load media"
The media I'm attempting to load uses the file ending ".mp4". I finally thought of opening the media in Quicktime and, lo and behold, it won't open the file. It appears I'm dealing with a "Not a real operating system" error.
EDIT: It appears that what happened was that I was trying to open a 0 byte file. Opening an .mp4 file with actual content still causes the MediaPlayer to get stuck in the LoadingMedia status.