The Core Pocket Media Player is an open-source media player for Windows CE / Windows Mobile-based devices.

here is a article on how to watch Movies with Subtitles on your Pocket PC with TCPMP

Supported file containers:
- AVI (*.avi)
- Matroska (*.mkv, *.mka)
- MP4 (*.mp4, *.m4a)
- Ogg Media (*.ogg, *.ogm)
- ASF (*.asf) Supported audio codecs:
- Mpeg 1 Layer III
- Ogg Vorbis
- Musepack
- Windows Media Audio (on Windows Mobile devices)
- AC-3
- AMR
- Adpcm, uLaw Supported video codecs:
- DivX
- XviD
- MPEG4-SP (plus B-frame support)
- MPEG1
- M-JPEG
- Windows Media Video (on Windows Mobile devices) Update Description:
v0.71:
- yuv blitting fix (intel 2700g, sonyhhe effected).
- ogg icecast fix.
- avi opendl mode out of sync fix.
- Large jpeg file support.
- Song title updated with audio streaming fix.
- Portrait pre-rotate disabled for coverart and podcasts.
- WinCE: http async mode (connection loss should not freeze the player).
- WinCE: http avi playback fix.
- WinCE: http streaming emulate wmp10 identification (for ORB server).
- WinCE: http site parsing and listing fixes.
- WinCE: file association IE auto-download flag only for playlists.
- WinCE: options/audio menu disappearing fix .
- WinCE: raw framebuffer mode only for WM2003SE and later.
v 0.70:
- Speex audio decoder support.
- Epson graphics controller mode (Nexio S150/S151/S155/S160/XP30).
- Nexio XP40 DirectDraw overlay support.
- mjpeg gray-scale support.
- minimal jpeg, tiff, png image file support.
- better support for enhanched podcasts (m4a with image slideshow).
- coverart support for music files.
- ffmpeg library updated.
- support for low resolution decoding (video quality).
- h263 elementary stream support.
- WinCE: Axis Network Camera MJPEG streaming support.
- WinCE: RGB support for 2700G (example WMV playback on X50v).
- Win32: ascii console video mode :-).
- Win32: screen saver disabling during video playback.
- AAC removed from official binaries because of intellectual property considerations.
- Matroska codec info handling fix (h.264).
- MatroskaParser library updated to version 1.47.
- ID3v2 fix in rawaudio.
- OGG tags as UTF-8 coding.
- some third party libraries replaced.
- avi files with ogg vorbis stream fix.
- h263 decoding fix + fallback to ffmpeg when format not supported.
- s263 (with 3gp) fix and support for h263 extended width/height.
- safe string handling (overflow protection).
- mpeg4 decoder fixes.
- WinCE: codepage handling fixes.
- WinCE: ATI Imageon driver memory leak bug tweak.
- WinCE: backlight handling fix.
- WinCE: HTTP streaming fixes.
- WinCE: Raw Framebuffer usage with QVGA smartphones.
- WinCE: fix for MIPS VR41XX tweaks on WinCE 2.xx.
- WinCE: skip installing official gx.dll for new HPC devices with aygshell, but no GAPI support.
- WinCE: WMV9 advanced profile support via DMO interface (only with WMP10).
- WinCE: file associations fix.
- WinCE: stereo mode (swapped,join,left,right) fix.


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