VLC media player is a free and open source media player and multimedia framework. It supports many audio and video codecs and file formats as well as DVD's, VCD's and various streaming protocols.
The best of VLC is that supports more video file formats than you can shake a stick at, can record and stream audio and video.
Download link:
http://www.videolan.org/vlc/download-macosx.html
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Be honest!