VLC is a free and open source cross-platform multimedia player and framework that plays most multimedia files as well as DVDs, Audio CDs, VCDs, and various streaming protocols.
Simple, fast and powerful media player.
Plays everything: Files, Discs, Webcams, Devices and Streams.
Plays most codecs with no codec packs needed:
MPEG-2, DivX, H.264, MKV, WebM, WMV, MP3...
Runs on all platforms: Windows, Linux, Mac OS X, Unix...
Completely Free, no spyware, no ads and no user tracking.
Can do media conversion and streaming.
VLC ships with it's own Codecs.
To install VLC 2.2.0 Rc1 just run the following commands via your systems Terminal.
sudo add-apt-repository ppa:videolan/stable-daily
sudo apt-get update
sudo apt-get install vlc
That's it please enjoy your installation.
Source VLC Homepage: http://www.videolan.org/