even easier..
enable the rpmfusion repos and do a yum install vlc
Installed Packages
Name : vlc
Arch : i686
Version : 1.1.8
Release : 1.fc15
Size : 5.1 M
Repo : installed
From repo : rpmfusion-free-rawhide
Summary : The cross-platform open-source multimedia framework, player and
: server
URL :
http://www.videolan.org
License : GPLv2+
Description : VLC media player is a highly portable multimedia player and
: multimedia framework capable of reading most audio and video
: formats as well as DVDs, Audio CDs VCDs, and various streaming
: protocols. It can also be used as a media converter or a server to
: stream in uni-cast or multi-cast in IPv4 or IPv6 on networks.
(that is great info you posted above.. If someone wants the latest version of vlc, then they would have to compile as you did above.)