Download VLC 2.0 for Windows 10 Mobile and Windows Phone
Folks at VLC have churned out VLC 2.0 for windows 10 and windows 10 mobile. This is a UWP app which means app code is shared and use same resources for both windows 10 and mobile variants. In a blog post, it is said that this VLC 2.0 has same features as iOS and android and a few more.
It has support for large number of formats including subtitle support, media library for video and audio, audio / video synchronization, network sharing and even support for live tiles, pinning and Continuum support.
It has a nice cool dark theme as well. There is support for DLNA/UPnP, Windows Shares, FTP(S), SFTP, NFS protocols to discover and browse your local servers or NAS.
Right now, Windows 10 desktop and tablets, Windows 10 mobile, Xbox one, Surface Hub and Hololens are supported. Support for Windows 8.1, Windows RT 8.1 and Windows Phone 8.1 is in the tunnel.