VLC (initially VideoLAN Client) is a highly portable multimedia player for various audio and video formats, including MPEG-1, MPEG-2, MPEG-4, DivX, MP3, and OGG, as well as for DVDs, VCDs, and various streaming protocols. It also can be used as a server for unicast or multicast streams in IPv4 or IPv6 on a high-bandwidth network.
What's new in this version:
Version 1.0 introduces more responsive controls, frame-by-frame playback, on-the-fly recording for all media, and support for a wider range of codecs, decoders, encoders, and demuxers. Version 1.0.1 is a bug-fixing release.