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Wi-Fi and Dropbox syncing and direct downloads are some of the new features.    



From ArsTechnica:
After disappearing the better part of three years ago, the VLC media player app for iOS has made its triumphant return to Apple’s App Store. Its version number has been bumped to 2.0, and the app now includes features like Wi-Fi and Dropbox syncing as well as the ability to download files from the Web.

A version of VLC created by the company Applidium first made its debut on the App Store back in November 2010, but it was pulled in January 2011 due to a licensing dispute. All versions of VLC were then open-source and licensed under GPLv2; the App Store imposes its own licensing and DRM restrictions on apps. One of VLC’s original developers, Rémi Denis-Courmont, claimed that the licensing policies did not mesh and filed a complaint against the app. It was shortly removed.
  VLC media player returns to the iOS App Store after 30-month hiatus