VLC is an open-source media player whose latest version VLC 2.0 was released some days ago.
This new version includes multi-threaded decoding for a variety of popular formats. New audio and video filters have been added in this update. Blu-ray support has also been added. MKV demuxer has been improved. Broadcom CrystalHD hardware decoding is now available and some minor changes have been done on the interface.
Ubuntu 12.04 users can install VLC 2.0 directly from the Ubuntu Software Center.
Ubuntu 11.10 users will have to use the commands given below to install VLC 2.0