VLC Media Player Header
VLC MEDIA PLAYER INTRO
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.
VLC Player Box
VLC Player Features
VLC Media Player
VLC suppports 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
VLC has it's own plugins for playing different movie formats, so it doesn't need any codecs to be installed. It plays almost everything and also works great for previewing partially downloaded files.
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Publisher's Description of VLC Media Player:


VLC media player is a free software media player written by the VideoLAN project. It is a portable multimedia player, encoder, and streamer supporting many audio and video codecs and file formats as well as DVDs, VCDs, and various streaming protocols. It is able to stream over networks and to transcode multimedia files and save them into various different formats. It is one of the most platform-independent players available, with versions for BeOS, BSD, Linux, Mac OS X, Microsoft Windows, MorphOS, Solaris and Windows CE, and is widely used with over 65 million downloads. VLC uses a large number of free decoding and encoding libraries. Many of its codecs are provided by the libavcodec codec library from the FFmpeg project, but it uses mainly its own muxer and demuxers. It also gained distinction as the first player to support playback of encrypted DVDs on Linux by using the libdvdcss DVD decryption library. Version 0.8.6, which adds support for WMV version 9 and enhanced support for H.264, was released on 10 December 2006. VLC is popular for its ability to play video content of incomplete, unfinished, or damaged video downloads before the files have been fully downloaded. (For example, files still downloading via BitTorrent or eMule). It also plays m2t MPEG Transport Streams (.TS) files while they are still being digitized from an HDV camera via a firewire cable, making it possible to monitor the video as it is being played. This is because it is a packet-based player. The player also has the ability to use libcdio to access .iso files so that the user can play files on a disk image, even if the user's operating system does not have the capability of working directly with .iso images. VLC supports all codecs and all file formats supported by FFmpeg. This means that DVD Video and MPEG-4 playback as well as support for Ogg and Matroska.

About VLC Media Player: VLC Media Player is open source software and is made freely availble for personal use. Source code and license information for VLC Media Player can be found at the VLC Project Page.