How to install VLC on Ubuntu

Was recently released a new version of VLC, one of best players for linux. Some of features of new version are:Fixed bug with Taglib
Fixes for FTP
Corrections and modular DVD Podcast
Updated Add-ons and scripts
Several fixes in interface
Updated translations
Many other bugs fixed
To install on Ubuntu using PPA are three simple commands in console:
sudo add-apt-repository ppa:

VLC 1.1.0 released

Developers most famous multimedia player in world of Open Source (vlc) released version 1.1 of this wonderful Multimedia Player

Features:Multimedia Player readiness to support high-definition video, which added feature decoder by GPU on Vista platform and Windows 7 and GNU / Linux. As well as added support for several new encodings such as translation of Blu-Ray and VP8
Decoder is faster by 40%