Finding an all-in-one media player used to be impossible. In the past you needed to use several separate programs to play MP3 files, streaming media from Real, Mpeg files, Quicktime movies, CDs and DVD discs, but with the advent of Microsoft's Windows Media Player (WMP), all of these media types could be played in one player. Over a period of time, however, WMP has become bloated and isn't compatible with all of the available file formats. WinAmp, which began as an mp3 player, now plays almost everything, although it uses a lot of system resources and may contain adware if you aren't careful on the installation. iTunes has become more prevalent on many PCs due to the almost universal reach of the iPod, but it also uses a lot of resources and is processor intensive.
So I've done some major research to find alternative media players capable of playing multiple types of media files, including various digital audio and video formats, CDs, and DVDs. They are also easy to install and use and are light on system resources. Not only do these programs replace WMP, iTunes and WinAmp, but they also exceed their functionality. The Link below reviews each of these media players.
Link to Review of Best Free Media Players