It can also be used as a server to stream in unicast or multicast in IPv4 or IPv6 on a high-bandwidth network.
VLC can play:
- MPEG-1, MPEG-2 and MPEG-4 / DivX files from a hard disk, a CD-ROM drive, and so on
- DVDs, VCDs, and Audio CDs
- From satellite cards (DVB-S)
- Several types of network streams: UDP/RTP Unicast, UDP/RTP Multicast, HTTP, RTSP, MMS, etc.
- From acquisition or encoding cards (on GNU/Linux and Windows only)
VLC media player Features :
• Rewrite of the playlist (tree structure, input preparsing ...)
• Preferences improvements
• XML parsers
• Client-side SSL/TLS support
• Massive Matroska improvements
• Support for SOCKS proxy
• Support for Shoutcast Meta-data
• Support for (HE-)AAC raw-audio streams
• TiVo demuxer
• Samba (Windows shares) access module
• Dirac decoder and encoder
• PNG decoder/encoder
• Support for Apple Lossless Audio Codec
• Services discovery modules (brand new SAP module, HAL discovery, DAAP (iTunes shares)
• Support for 20/24 bits LPCM
• Video snapshot support (png or jpg)
• Image file video output (png)
• Mosaic (picture-in-picture system)
• Pocket PC port
• Brand new Internet Explorer ActiveX plugin
Source : filehippo, google