VLC is a free and open-source multimedia player. it works on major operating systems. A few days ago we have seen VLC 2.0 changes highlights in this post and installation instructions for Ubuntu users. Now, VLC 2.0 is available to install on Fedora 16 Verne using Remi repository.
Check VLC 2.0 Twoflower release notes.
First you will need to add Remi repository for Fedora 16 Verne.
rpm -Uvh http://rpms.famillecollet.com/remi-release-16.rpm
yum install vlc
VLC official web page.