The VideoLAN organization proudly unleashed a few minutes ago the final and stable release of the highly anticipated VLC 2.0 media player. VLC Media Player 2.0 is a major upgrade to the extremely popular video player, which comes with the ability to open more formats, experimental Blu-Ray support, faster decoding on multi-core CPUs an... (read more)
VLC Player is one of the most popular open source (released under GPL) and free media player (encoder). Ubuntu 11.10 (code name : oneiric ocelot)- has banshee installed as the default media player. So if you want to play a video file then you need to install VLC – all in one media player. it has lot of advanced features. VLC has been the part of videoLAN project.