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. VLC has managed to stay ahead of the competition in features and performance, if not always looks, though that's easy enough to fix if you want to. VLC and its source code are maintained by the all-volunteer VideoLAN Organization.
What' New In This VersionVersion 2.0.5 fixes some regressions of the 2.0.x branch of VLC.