GStreamer

GStreamer is a pipeline-based multimedia framework written in the C programming language with the type system based on GObject.

GStreamer allows a programmer to create a variety of media-handling components, including simple audio playback, audio and video playback, recording, streaming and editing. The pipeline design serves as a base to create many types of multimedia applications such as video editors, streaming media broadcasters and media players.

Designed to be cross-platform, it is known to work on Linux (x86, PowerPC and ARM), Solaris (Intel and SPARC) and OpenSolaris, FreeBSD, OpenBSD, NetBSD, Mac OS X, Microsoft Windows, and OS/400. GStreamer has bindings for programming-languages like Python, Vala, C++, Perl, GNU Guile and Ruby. GStreamer is licensed under the GNU Lesser General Public License.

Read more about GStreamer:  Distribution, History and Development, Technical Overview