DivX

Play, record, and convert high-quality video.

Play the files of the most common formats, such as DivX, AVI, MKV, MP4, and MOV. Create your own clips, convert and watch videos through DLNA networks. Watch movies with built-in interactive elements (menus, subtitles, alternative audio streams, etc.) and any media content on a compatible device without having to load information through flash drives or disks.

Pros

Add subtitles, additional audio tracks, and other interactive elements
Supports MPG, TS, VOB, SVCD
Integrates with professional video processing applications, like Adobe Premiere, Pinnacle Studio, Ulead Video Studio, and VirtualDub