I am thinking of developing a video player app for windows phone 8 with more media codec support such as MKV, AVI, etc. And I'm also intending to add subtitle support as well. I'm new to WP8 development hence I am still working on the feasibility. As far as I know, the supported media codecs does not include formats like mkv or avi. But I am aware of one WP app (Moliplayer) which provides support for almost all media codecs and subtitles as well.
I'm wondering if there is a 3rd party library or something like that which enables developing a video player app with the above mentioned capabilities? If not what are the possible approaches to be taken towards developing one like Moliplayer?
Thanks in Advance!