Media Player Codec Pack

Media Player Codec Pack 4.0

Free
The Media Player Codec Pack supports almost every compression and file type
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The Media Player Codec Pack supports almost every compression and file type used by modern video and audio files.
The package is simple to install, while also offering advanced settings to the high end user:
For simple installation select "Easy Installation".
For advanced installation options select "Expert Installation".
Codec's Explained:
A codec is a piece of software on either a device or computer capable of encoding and/or decoding video and/or audio data from files, streams and broadcasts. The word Codec is a portmanteau of 'compressor-decompressor'

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