vlc is ok if all you want to do is watch, if you want to recover space by burning the movies/clips to cd/dvd in a format playable in domestic dvd players (or even just want to watch in a different player) you still need the codecs...
so then you have to install them as well..
install the codecs to begin with & play video in your choice of player...
i'll leave which makes more sense as an excercise for the student....