VLC is definitely one of the best and most popular open source video playback apps out there. After being removed from Apps store in 2011, it has now made a come back. The app carries the version no 2.0 and supports all the file formats that the PC version of the player supports. Also the app comes with support for MKV format, multiple audio tracks, variable playback speeds, subtitles and network streams - including HLS, MMS or RTSP.
Now users will be able to apply filters such as saturation and gamma to videos in real time. Moving on the app comes with Dropbox integration and allows users to share files via Wi-Fi( Files can be uploaded browser). Adding to the list of features, the app has built in video media library and integration for bluetooth headsets and AirPlay (playback on external screens). .
VLC for iOS requires iOS 5.1 or higher and runs on any iPhone, iPad, or iPod touch devices.
Back in 2011, A company called Applidium ported the VLC player on Apps Store . VideoLAN, which actually holds the copyright and licenses the code under the GPL. VLC for iOS also included Apple's FairPlay DRM, which was a violation of the GPL, Thus VideoLAN asked Apple to pull VLC from Apps Store.
As per the report of The Next Web, VideoLAN now says "We worked hard with all major copyright holders to not repeat history and we are confident to have achieved this goal."
You can download the new app from here