Install the Latest VLC RHEL 7
How to Install VLC on RHEL 7 32/64-bit KDE/Gnome desktop.
And VLC for RHEL is a Free and open source cross-platform multimedia player and framework that plays most multimedia files as well as DVD, Audio CD, VCD, and various streaming protocols.
Finally, the VideoLAN Open Source Project is lead and composed of a Team of Volunteers, that believes in the Power of Open Source when dealing with Multimedia.

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Open a Shell Terminal emulator window
In case first see: Terminal QuickStart Guide.
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Installing RPM Fusion Repos on Red-Hat Based
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Installing Latest VLC for RHEL.
sudo su -c "yum install vlc"