VLC is the most popular media player and now with its latest version 1.0.0 which is made more reliable and easy to use without using external codes or program to work and this fixes a very high number of bugs which were present in VLC 0.8.0 and VLC 0.9.0.
The VLC Media Player is a highly portable multimedia player for most audio and video formats such as MPEG-1, MPEG-2, MPEG-4, DivX, mp3 as well as DVDs, VCDs, and various streaming protocols. This free and open source cross platform media player works as a complete streaming server, with extended features such as video on demand and on the fly transcoding etc.
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