Simple, fast and powerful media player. Plays everything: Files, Discs, Webcams, Devices and Streams. VLC media player is a free and open source media player and multimedia framework written by the VideoLAN project. VLC is a portable multimedia player, encoder, and streamer supporting many audio and video codecs and file formats as well as DVDs, VCDs, and various streaming protocols. 
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It is able to stream over networks and to transcode multimedia files and save them into various formats. The default distribution of VLC includes a large number of free decoding and encoding libraries, avoiding the need for finding/calibrating proprietary plugins. VLC is a packet-based media player, and it can play the video content of some damaged, incomplete, or unfinished videos. For example, files still downloading via peer-to-peer (P2P) networks.

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. 

VLC - Media player

Kodi (formerly known as XBMC) is an award-winning software media center for playing videos, music, pictures, games, and more. It allows users to play and view most videos, music, podcasts, and other digital media files from local and network storage media and the internet. 
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While Kodi functions very well as a standard media player application for your computer, it has been designed to be the perfect companion for your HTPC. Supporting an almost endless range of remote controls, and combined with its beautiful interface and powerful skinning engine, Kodi feels very natural to use from the couch and is the ideal solution for your home theater.
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Currently Kodi can be used to play almost all popular audio and video formats around. It was designed for network playback, so you can stream your multimedia from anywhere in the house or directly from the internet using practically any protocol available.

Kodi (formerly known as XBMC) is an award-winning  media center for playing videos, music, pictures, games, and more. It allows users to play and view most videos, music, podcasts, and other digital media files from local and network storage media and the internet. 

Kodi - Home Theater Software

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