This method only works through you local network and not over the Internet. You can start up a movie on one of your computer and stream it to other computers on your network, and maybe your phone, untested.
Setup The Server
First open up VLC, on the computer that you want to stream from. In the top menu, click on Stream.
Next you need to add the movie (music probably works to). Click on the Add... button and pick your media from your hard drive. For my example I'm going to stream an old movie called The Golem.mp4. Then click on Stream bottom right-hand corner.
Then in the next window just click on Next.
Then in the next window click on on the word File and change it to HTTP and then click on the Add button right next to it. If you want to watch it on the computer that it is streaming from click on the Dispaly locally option, otherwise you will get just a blank screen on the streaming version of VLC.
In the next window just take note of the Port number, in this case 8080 and click on Next.
Now you pick the profile format, your choice but I just left it as is. I also unchecked Activate Transcoding. Then click on Next.
On the next screen I just clicked on Stream.
Now you should be looking at a VLC window that is black or the movie itself if you chose the Display locally option. The timebar should indicate its playing.
Setup Your Clients
Now before you move on you have to get one piece of information from your streaming computer. you need the IP address. In the searchbar type CMD and click it will it appears in the search menu. Then in the cmp prompt or the black box that appears type the following and hit enter after:
ipconfig
You need to find your IPv4 Address. Mine is 192.168.0.5
So now onto the computers and possible phone, tablets, etc. I've only tested two computers. One a desktop wired into my network and a wireless on a laptop. All devices are running Windows 10.
So now open up VLC on your client computer(s). Go to Media, top menu and click on Open Network Stream
In the Window that opens, where it says Please enter a network URL:, in my case I would type http://192.168.0.5:8080
Be sure to replace the 192.168.0.5 with your own streaming service IP address. The 8080 are the ports we saw earlier. If you changed the port numbers be sure to adjust this accordinally here. Now just click on Play.
If it works. Congratulations. You are now streaming through VLC. Keep in mind this is for private networks not streaming over the Internet.