A remote user could create a specifically crafted file that could trigger some various issues.
It is possible to trigger a remote code execution through a specifically crafted playlist, and tricking the user into interacting with that playlist elements.
It is also possible to trigger read or write buffer overflows with some crafted files or by a MITM attack on the automatic updater
If successful, a malicious third party could trigger either a crash of VLC or an arbitratry code execution with the privileges of the target user.
We updated VLC to latest version available.