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VLC Media Player is an Open Source Multimedia Player licensed with GPL that allows you to view videos and listen to audios in practically any format.
VLC Media Player can play any video or audio format, including MPEG, WMV, AVI, MOV, MP4, MKV, H.264/AVC, FLV, MP3 and OGG, along with many others. It also supports Blurays, DVDs, VCDs, and several different streaming formats. Additionally, VLC Media Player is capable or reading incomplete files if they are corrupted or partially downloaded.
The application also supports several subtitle formats, like SRT, ASS, and other files extracted from disks. It allows you to customize the style, size, and placement of the subtitles on the screen.
The interface is plain, but you are able to customize it with the skins that are available. Because VLC Media Player can be run by command-line interface, Telnet, or a web navigator, its functionality goes above and beyond that of other media players.
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Useful VLC Media Player features you might not know about

VLC Media Player is one of the most-used media players now available, not just for its stability and versatility when it comes to playing all sorts of multimedia files, but also for the number of extra features it includes. These are some of the many features that lots of people don’t know about for the player from VideoLan, such as the option to change the format of your videos, do live captures of what’s happening on the screen, download YouTube videos, or even record disks in physical format.
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Whilst the various media player developers attempt to convince us to use their codec to encode our home video, this means that we often have to have more than one media player installed to play every video, audio and other media, on our computer. Factor in old videos that were encoded using codecs that have been long discontinued, then it becomes a real pain to just play back your collection of movies.

There must be a better way, a way of handling the various audio and video formats, without having to experiment with different media players. There is, it’s called VLC Media Player. This isn’t a recent application, although it’s been ages in development. This is a cross-platform versatile media player that does one thing well: attempts to play just about every format available.

By installing VLC Media Player across your various computers, you can be assured that a video that plays back on your Mac will also play on your PC. It also supports Internet-based media streaming, so you can use the player to listen to a streamed audio stream and much more.

Version 2 brought radical changes, most found on the Mac platform, with support for Blu-ray playback being overshadowed by a radical overhaul of the user interface. This major step forward has divided the VLC community since it first emerged, with some decrying the loss of version 1’s minimalist approach to video playback.

VLC 2 on the Mac platform replaced the simplistic interface of version 1.x in favour of something more akin to iTunes, while also embracing the look of OS X Lion. It opens in Playlist view, with a two-paned window containing a list of common locations for media files in the left-hand pane, and an invitation to drag and drop files into the window for playback on the right.

Media controls sit at the bottom of the window, and there’s a new audio effects option next to the full-screen button, which takes advantage of Lion’s full-screen support. Options in the left-hand window include a shortcut to the user’s iTunes library and a playlist option, as well as UPNP and various internet streams.

VLC for Mac also includes experimental Blu-ray support, plus adds support for VLC’s lua-based extensions. These support various interactive features, such as pulling movie information and subtitles from the internet, or posting to Twitter.

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VLC 3 is a major update and ships with these new features:

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- Activates hardware decoding by default, to get 4K and 8K playback!
- Supports 10bits and HDR
- Supports 360 video and 3D audio, up to Ambisoncics 3rd order
- Allows audio passthrough for HD audio codecs
- Can stream to Chromecast devices, even in formats not supported natively
- Can play Blu-Ray Java menus: BD-J
- VLC supports browsing of local network drives and NAS

This is a dedicated 64-bit build for Windows and Mac users.

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Verdict

This is the best cross-platform, multi-format versatile media player that will play just about any format