This is awsome player with all the capability.

This is simple On Demand Streaming Server Example.

Following is my setup:
Streaming server on - 5454 you can setup any port
Protocol - RTSP
Listening on All ip : 0.0.0.0 You can bind to single ip using real ip

Launching Streaming Server

vlc --ttl 12 -vvv --color -I telnet --telnet-password videoTest --rtsp-host 0.0.0.0:5454

If your OS require to have root access in order to create Socket.
Your might need to use vlc-wrapper.

vlc-wrapper --ttl 12 -vvv --color -I telnet --telnet-password videoTest --rtsp-host 192.168.1.5:5454 --logfile vlc_stream.log --logmode text &

Maximum 3 connection

--rtsp-throttle-users 3

--logfile <string>
--logmode {text,html,syslog}

Now Setting up the Streaming Services
you need to connect to the Server using Telnet

telnet localhost 4212

Supply password - videoTest - if you are pasting command

Create Stream name

new Luck vod enabled

Create Stearm file (it is safe to use “” for PATH since any space in name could be an issue.)

setup Luck input "Luck/Luck.2009.avi"

Now you need to start your vlc player and provide following URL

rtsp://localhost:5454/Test