The VideoLAN Forums

You can view it with VLC's DirectShow.

You can also create a shortcut that automatically sets all the DirectShow options

I made a video on how exactly to do it:
https://www.youtube.com/watch?v=sTvQ4PBqueA

Here's one way [url]https://www.youtube.com/watch?v=sTvQ4PBqueA[/url]

Also, make sure the device sending signal to the Elgato doesn't have HDCP on.