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How to play any video?

There are many different video codecs and formats, each with its own application area and advantages. There are well-known multi-purpose formats like AVI and MKV (with a number of codecs that can be used with them: DivX, Xvid, H.264, etc.), "media type" formats like DVD and Blu-ray, formats preferred by certain manufacturers or developers, like MP4 / M4V (YouTube, Apple), WMV / ASF (Microsoft), and many others. It is virtually impossible to have all movies and videos stored in a single format, most probably you end up having videos at least in 3-5 formats in your collection.
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