VLC media player is a highly portable multimedia player for various audio and video formats (MPEG-1, MPEG-2, MPEG-4, DivX, mp3, ogg, ...) as well as DVDs, VCDs, and various streaming protocols. It can also be used as a server to stream in unicast or multicast in IPv4 or IPv6 on a high-bandwidth network. It doesn't need any external codec or program to work.

Features:

Free, Open Source and cross-platform

Independant of systems codecs to support most video types

Live recording

Instant pausing and Frame-by-Frame support

Finer speed controls

New HD codecs (AES3, Dolby Digital Plus, TrueHD, Blu-

Ray Linear PCM, Real Video 3.0 and 4.0, ...)

New formats (Raw Dirac, M2TS, ...) and major improvements in many formats...

New Dirac encoder and MP3 fixed-point encoder

Video scaling in fullscreen

RTSP Trickplay support

Zipped file playback

Customizable toolbars

Easier encoding GUI in Qt interface

Better integration in Gtk environments

MTP devices on linux

AirTunes streaming

New skin for the skins2 interface