UPDATE: VLC Media Player 2.0 "Twoflower" released.
Many times we can't play a downloaded media file in Windows default media player. We need to install extra codec pack to be able to play the file.
Today we are going to share a free media player that fulfills all your needs. VLC Media Player handles DVDs, (S)VCDs, Audio CDs, web streams, TV cards and much more.
With VLC, there is no need to continually update many different codec packs. VLC comes with nearly every codec built in!
And what's more, VLC can play back your files, even if the media is damaged! Missing or broken pieces wont stop VLC. All the video and audio information that remains can be played.
You can download it using following link: