The Open Video Player Initiative is a joint project for player code-sharing and best practices around video player and income. The initiative includes an open-source project hosted on Sourceforge.net and openvideoplayer.com the place where you can see examples hear OVP partner, and get the latest news about the project.

It comes with 2 versions: for Flash & Silverlight. A ready-to-deploy video player and a configuration tool (for easier configurations) is provided besides the source code. Video player can be totally customized from colors to buttons & features included.
Homepage:
http://www.openvideoplayer.com/
Download:
http://sourceforge.net/projects/openvideoplayer/files/
Tags: Free Video Player, Initiative, Open source, Open Video Player, Video Player