This is the latest version of 4.5.1 with limited free for 3 months from 2016.10.1-2016.12.30. I have been waiting this app to be free again since this and finally it's here. Enjoy while it last. Cheers!
AcePlayer can play almost any file format movies , music, photos and streaming directly on iPhone/iPod/iPad. Just transfer the media files to your ios devices by iTunes File Shareing or over Wi-Fi,then it can be played at once. With built-in FTP/Samba/UPnP client, it is not just a local movie player,it is "Movie/Music Player & Photo Viewer & Streaming Media Player".
Features
1.Support almost any video formats: WMV, AVI, MKV, RMVB, RM, XVID, MP4, 3GP, MPG…
2.Support almost any audio formats: MP3, WMA, RM, ACC, OGG, APE, FLAC,FLV…
3.Support smi, srt, ass, ssa, sub txt subtitle.
4.Use iTunes to sync movies to AcePlayer.
5.Easily Wi-Fi transfer to download media files from PC to your ios devices.
6.Build-in Open Url Client to support HTTP, FTP, MMS, RTSP, SMB, RTP streaming.
7.Build-in UPnP Client to stream media files from most of all UPnP/DLNA media servers.
8.Build-in FTP Client to stream media files from FTP Servers(Note: stream only for PASV mode).
9.Build-in Samba Client to stream media files from Samba Servers.
10.Build-in file manager supported: move files from folder to folder,file delete,file rename,folder creation,folder delete.
11.Multi playlist supported: you can create playlist and and media file to playlist, and every folder is automatically made as a playlist.
12."Open In" feature supported: open video and audio files from Mail email attachments and Safari Web browser.
13. aceplayer://URL scheme.
14.iPad 2 dual core decoding supported.For iPad 2,dual-core of A5 chip could be used to decode at the same time.
15.TV out support.
16.AirPlay supported(Note: only for QuickTime plugin).
17.Buid-in photo viewer to support:jpeg, jpg, png, bmp…
18.It can play music in the background mode, so that build your playlist, you can us it as a music player.
19. You can set password for your folder in the documents, just click the button on the right of the folder.
![Free [iOS] App AcePlayer - Classic Media Player](https://files.ozbargain.com.au/n/17/268717.jpg?h=5d389a8c)


Don't see any much difference from the 2012 release but heck it's free why not. Hope this version retain the good stuff from the older version.