I'm just stating to set up home networking & have the cat cable now installed. Most of the files that I will wish to play on a media player are MKV because I can turn on/off subtitles. I know that VLC does this & I have it installed on my PC.
The reason that I'm asking about Windows Media Player is because I was told that this was best for sharing files on a Home network. If this is not the case I would like to get other recommendations?
Pretty much every Windows system (if not all of them) already have Windows Media Player installed. Even if you update Windows Media Player it is not going to negatively affect Vegas Pro and its codecs.