VLC can convert media files between the formats it supports. You could use this to make a video smaller for a mobile device, convert media from an unsupported format to one your device supports, or even to extract the audio from a video and save it as a separate file.
To do this, click the Media menu and select Convert / Save. Load the file you want to convert, click the Convert / Save button, and select the type of file you want to convert it to. Use the Edit selected profile button to tweak the video encoding settings.
VLC can stream media across the Internet or on your local network. To get started, click the Media menu, select Stream, provide the media file you want to stream and click the Stream button. You’ll be able to set up VLC as a media server so other computers on the network — or even around the world — can connect to your stream and view it.
Of course, if you want to stream over the Internet, you’ll probably need to forward ports on your router.
VLC can load your desktop as an input device. This means that you can use the Convert / Save feature to save a video of your desktop, effectively turning VLC into screen capture software. You could also use this in concert with the Stream feature to broadcast a live stream of your desktop across the network or Internet with no additional software required
n many more features.