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-[ excerpt (with adaptations) from developer's README ]
-ffmpeg is a hyper fast realtime audio/video encoder, a streaming
-server and a generic audio and video file converter.
-
-It can convert a standard video source into several file formats
-based on DCT/motion compensation encoding. Sound is compressed in
-MPEG audio layer 2 or using an AC3 compatible stream.
-
-What makes ffmpeg interesting ?
-- Simple and efficient video encoder: outputs MPEG1, H263, Real
- Video(tm), MPEG4, DIVX and MJPEG compatible bitstreams using the
- same encoder core.
-- Hyper fast MPEG audio layer 2 compression (50 times faster than
- realtime on a K6 500).
-[snip -> rest on website below]
-
-ffmpeg is made of two programs:
-* ffmpeg: soft VCR which encodes in real time to several formats.
- It can also encode from any supported input file format to any
- input supported format.
-* ffserver: high performance live broadcast streaming server based
- on the ffmpeg core encoders.
-
-WWW: http://ffmpeg.sourceforge.net/