Kodi (previously known as XBMC), is a free, open source (GPL) multimedia player that originally ran on the first-generation Xbox, and now runs on Linux, OS X, Windows, Android and iOS. Kodi can be used to play/view the most popular video, audio, and picture formats, and many more lesser-known formats, including:

• Video – DVD-Video, VCD/SVCD, MPEG-1/2/4, DivX, XviD, Matroska
• Audio – MP3, AAC.
• Picture – JPG, GIF, PNG.

These can all be played directly from a CD/DVD, or from the hard-drive. Kodi can also play multimedia from a computer over a local network (LAN), or play media streams directly from the Internet. For more information, see the Kodi FAQ.

As of version 12, it can also be used to play and record live TV using a tuner, a backend server and a PVR plugin; more information about this can be found on the Kodi wiki.

Source: Kodi – ArchWiki