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VLC media player - The cross-platform open-source multimedia framework, player and server :: Video tools
VLC media player (initially VideoLAN Client) is a highly portable multimedia player for various audio and video formats (MPEG, DivX/Xvid, Ogg, and many more) as well as DVDs, VCDs, and various streaming protocols. However in recent years it has also become a extremely powerful server to stream live and on demand video in several formats to our network and the Internet.
It started as a student project at the French École Centrale, Paris but is now a worldwide project with developers from 20 countries. (more). VLC is built in a modular way. This means that you can choose from a range of different modules to decide how to control VLC and how to display the video output.
VideoLAN is a software project, which produces free and open source software for multimedia, released under the GNU General Public License.
Website for Download: http://www.videolan.org/vlc/
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