It can play video streams from both the local network and from the internet. Instead of repurchasing your favorite movies through iTunes, or converting your entire collection, you can play them with VLC. Like most set-top media players, the Apple TV is super good at playing content provided by its parent company (Apple), but requires a little bit of finesse to play content from other sources (like your personal media collection, the web, or other streaming sources). It’s been popular on Windows, Mac, and Linux for a long time, but now you can get that same great plays-anything-under-the-sun power on your Apple TV. When it comes to video playback, the cross-platform application VLC is a veritable Swiss Army knife.
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