This is the software publisher's description.
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.
The latest version includes, amoungst other things, MacIntel support,
improvements in the Audio CD playback (CDDB), and a a new AJAX HTTP interface.
For Mac and Linux versions, click
here.