The new app, version 2.0, is open-source just as its desktop counterpart is, and the code will be made available online, licensed under the Mozilla Public License Version 2 and the GNU General Public License Version 2.
Apple pulled the first version of the VLC app in January 2011 because of conflicts with parts of the GPL license and the App Store’s own rules. Being licensed under the MPLv2 should eliminate all those issues.
“We worked hard with all major copyright holders to not repeat history and we are confident to have achieved this goal,” VideoLAN noted, via TNW.
VideoLAN notes that the new app is much faster than version one, and can support all video files that the desktop does. The desktop version has been downloaded over 1 billion times.