VLC - VideoLan Client 

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VLC is a great player software. However saying that VLC is just a media player, is like saying a Swiss Army knife is just a knife. VLC can do much more than playback media, it can also convert audio and video files to different formats (transcoding), send live audio or video over the net (streaming), and much more.

VLC is also great because it is cross platform.

License : General Public License
Author/Copyright : © adam hyde 2006, 2007
Additional Contributers : mick fuzz 2007
Ti Shovel 2007