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Install VLC 2.0.2 in Ubuntu 12.10 Quantal/Ubuntu 12.04 Precise Pangolin/11.10 Oneiric Ocelot/Linux Mint

VLC media player (initially VideoLAN Client) is a highly portable multimedia player for various audio and video formats (MPEG, DivX/Xvid, Ogg, and many more) as well as DVDs, VCDs, and various streaming protocols. However in recent years it has also become a extremely powerful server to stream live and on demand video in several formats to our network and the Internet.

vlc

The 2.0.2 version was released few days ago, with following changes:
  • Support for MxPEG files and streams
  • New features in the Mac OS X interface for more customization
  • Numerous fixes in the Qt, the Mac OS and the skins interfaces.
  • Fixes for HTTP Live Streaming, CDDB, UDP/RTP support.
  • Security issues SA-1201 and SA-1202.
  • Limited support for Bluray discs menus.
  • Numerous fixes for MKV support.
  • Fix for splitted RAR files playback.
  • Numerous bugs fixes.
  • Codec and 3rd party libraries security updates.
  • Release notes

To install VLC in Ubuntu/Linux Mint open Terminal (Press Ctrl+Alt+T) and copy the following commands in the Terminal:
That's it
Source: videolan