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FFmpeg - Open source multimedia suite for conversion, playback, profiling, and streaming.
HandBrake - HandBrake allows users to easily convert video files into a wide variety of different formats.
gstreamer - GStreamer is a library for constructing graphs of media-handling components. The applications it supports range from simple Ogg/Vorbis playback, audio/video streaming to complex audio (mixing) and video (non-linear editing) processing.
Format Factory - Format Factory is software that allows the user to convert media into various file formats. The software is a product of PC Free Time, a Chinese software development company. Read more about Format Factory.
MPlayer - MPlayer is a movie player which runs on many systems (see the documentation).
File Converter - Convert & compress everything in 2 clicks!