This page discusses - VLC media playerThis page discusses - VLC media player
VideoLAN is a software project, which produces free software for video, released under the GNU General Public License.
About VLC media player
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.
Come to learn more about: http://www.videolan.org/vlc/