Okay – these are dumb ‘ol Guy’s random notes and maybe there’s a better way to all of this stuff. But this worked just fine, for me. First of all, go to System > Administration > Add/Remove Software and add the YUM repositories. Then just do the following:

yum install vlc

There’s a major issue that needs to be addressed, now for VLC to actually work. You need to go to /etc/yum.repos.d and edit epel-testing.repo and epel.repo. In the top section of these files add the following line: exclude=libmodplug. On a random note, VLC will play a mounted DVD (a DVD in .iso format mounted with “mount -o loop Movie.iso /some/folder). That failed to work with Movie Player.

Finally, I added the following:
yum install ffmpeg libdvdcss libdvdread libdvdnav libdvdplay lsdvd mplayer gxine gstreamer-plugins-good gstreamer-plugins-bad-free-extras gstreamer-plugins-ugly libcdaudio w3m libx264 mjpegtools libsidplay libquicktime libkate automake autoconf jna gc libid3tag amrwb gstreamer-java-swt gstreamer-java gstreamer-ffmpeg gstreamer-vaapi