Here are the messages from the console when I launch firefox from a shell. Looks like some access issue but no idea on what it is...
[00000001] main libvlc debug: removing all interfaces
[00000382] main interface debug: thread ended
[00000382] main interface debug: thread 2897726352 joined (interface/interface.c:188)
[00000382] main interface debug: removing module "screensaver"
[00000380] main interface debug: thread ended
[00000380] main interface debug: thread 2906119056 joined (interface/interface.c:188)
[00000380] main interface debug: removing module "inhibit"
[00000378] main interface debug: thread ended
[00000378] main interface debug: thread 2914511760 joined (interface/interface.c:188)
[00000378] main interface debug: removing module "hotkeys"
[00000001] main libvlc debug: removing all services discovery tasks
[00000001] main libvlc debug: removing playlist
[00000376] main preparser debug: thread ended
[00000376] main preparser debug: thread 2922904464 joined (playlist/engine.c:521)
[00000377] main fetcher debug: thread ended
[00000377] main fetcher debug: thread 2931297168 joined (playlist/engine.c:523)
[00000375] main playlist debug: thread ended
[00000375] main playlist debug: thread 2939689872 joined (libvlc.c:992)
[00000376] main preparser debug: Destroyed
[00000377] main fetcher debug: Destroyed
[00000375] main playlist debug: Destroyed
[00000001] main libvlc debug: removing interaction
[00000374] main interaction debug: thread ended
[00000374] main interaction debug: thread 2953595792 joined (interface/interaction.c:400)
[00000001] main libvlc debug: removing all video outputs
[00000001] main libvlc debug: removing stats
[00000001] main libvlc debug: removing module "memcpymmxext"
[00000001] main libvlc debug: writing plugins cache /home/rishi/.cache/vlc/plugins-04041e.dat
argn=name, argv=Player
argn=id, argv=Embed1
argn=type, argv=application/x-mplayer2
argn=src, argv=VideoPlayList1.aspx?id=882&u=rishibhargava&WMContentBitrate=1024000
argn=pluginspage, argv=
http://www.microsoft.com/windows/mediaplayer/
argn=autostart, argv=true
argn=showtracker, argv=true
argn=showcontrols, argv=true
argn=showgotobar, argv=false
argn=showdisplay, argv=false
argn=showstatusbar, argv=false
argn=autosize, argv=false
argn=audiostream, argv=-1
argn=animationatstart, argv=false
argn=allowscan, argv=true
argn=balance, argv=0
argn=bufferingtime, argv=5
argn=clicktoplay, argv=true
argn=cursortype, argv=0
argn=currentmarker, argv=0
argn=displaymode, argv=0
argn=displaysize, argv=0
argn=enabled, argv=true
argn=enablecontextmenu, argv=1
argn=enablefullscreencontrols, argv=1
argn=enablepositioncontrols, argv=true
argn=enabletracker, argv=true
argn=invokeurls, argv=false
argn=mute, argv=false
argn=playcount, argv=1
argn=sendplaystatechangeevents, argv=true
argn=showcaptioning, argv=false
argn=showaudiocontrols, argv=true
argn=showpositioncontrols, argv=true
argn=transparentatstart, argv=TRUE
argn=videoborderwidth, argv=0
argn=videobordercolor, argv=0
argn=volume, argv=100
argn=windowlessvideo, argv=false
argn=vspace, argv=2
argn=width, argv=506
argn=height, argv=316
[00000001] main libvlc debug: VLC media player - version 0.9.4 Grishenko - (c) 1996-2008 the VideoLAN team
[00000001] main libvlc debug: libvlc was configured with ./configure '--build=i486-linux-gnu' '--enable-maintaner-mode' '--enable-release' '--prefix=/usr' '--enable-libtool' '--enable-fast-install' '--with-binary-version=1ubuntu3' '--disable-update-check' '--disable-gnome' '--disable-gtk' '--disable-familiar' '--disable-fb' '--enable-ggi' '--enable-sdl' '--enable-esd' '--enable-mad' '--enable-arts' '--enable-jack' '--enable-pulse' '--enable-lirc' '--enable-a52' '--enable-aa' '--enable-dvbpsi' '--enable-mozilla' '--with-mozilla-pkg=libxul-plugin' '--disable-kde' '--enable-mp4' '--enable-dvb' '--disable-satellite' '--enable-ogg' '--enable-vorbis' '--enable-shout' '--enable-qt4' '--disable-slp' '--enable-flac' '--disable-skins' '--disable-basic-skins' '--enable-skins2' '--enable-freetype' '--enable-mkv' '--enable-speex' '--enable-caca' '--enable-live555' '--enable-libmpeg2' '--enable-fribidi' '--enable-cdio' '--enable-mod' '--enable-theora' '--enable-modplug' '--enable-dvdnav' '--enable-gnutls' '--enable-ffmpeg' '--enable-ncurses' '--enable-smb' '--disable-gnomevfs' '--enable-bonjour' '--enable-mpc' '--enable-vcd' '--enable-vcdx' '--enable-notify' '--enable-twolame' '--enable-x264' '--enable-faad' '--disable-zvbi' '--enable-telx' '--enable-mediacontrol-bindings' '--disable-atmo' '--enable-taglib' '--enable-libass' '--enable-libdca' '--enable-alsa' '--enable-dv' '--enable-v4l' '--enable-v4l2' '--enable-pvr' '--enable-svgalib' '--enable-dvd' '--without-dvdcss' 'build_alias=i486-linux-gnu' 'CFLAGS=-g -O2' 'LDFLAGS=-Wl,--as-needed' 'CPPFLAGS=' 'CXXFLAGS=-g -O2'
[00000001] main libvlc debug: translation test: code is "C"
[00000001] main libvlc debug: checking builtin modules
[00000001] main libvlc debug: checking plugin modules
[00000001] main libvlc debug: loading plugins cache file /home/rishi/.cache/vlc/plugins-04041e.dat
[00000001] main libvlc debug: recursively browsing `/usr/lib/vlc'
[00000001] main libvlc debug: module bank initialized, found 276 modules
[00000001] main libvlc debug: CPU has capabilities 486 586 MMX 3DNow! MMXEXT SSE FPU
[00000001] main libvlc debug: looking for memcpy module: 4 candidates
[00000001] main libvlc debug: using memcpy module "memcpymmxext"
[00000374] main interaction debug: thread started
[00000374] main interaction debug: thread 2953595792 (Interaction control) created at priority 0 (interface/interaction.c:382)
[00000376] main preparser debug: thread started
[00000376] main preparser debug: waiting for thread initialization
[00000376] main preparser debug: thread 2939689872 (preparser) created at priority 0 (playlist/thread.c:79)
[00000377] main fetcher debug: thread started
[00000377] main fetcher debug: waiting for thread initialization
[00000377] main fetcher debug: thread 2931297168 (fetcher) created at priority 0 (playlist/thread.c:108)
[00000375] main playlist debug: thread started
[00000375] main playlist debug: waiting for thread initialization
[00000375] main playlist debug: rebuilding array of current - root Playlist
[00000375] main playlist debug: rebuild done - 0 items, index -1
[00000375] main playlist debug: thread 2922904464 (playlist) created at priority 0 (playlist/thread.c:117)
[00000378] main interface debug: looking for interface module: 1 candidate
[00000378] main interface debug: using interface module "hotkeys"
[00000378] main interface debug: thread started
[00000378] main interface debug: thread 2914511760 (interface) created at priority 0 (interface/interface.c:168)
[00000380] main interface debug: looking for interface module: 1 candidate
[00000380] main interface debug: using interface module "inhibit"
[00000380] main interface debug: thread started
[00000380] main interface debug: thread 2906119056 (interface) created at priority 0 (interface/interface.c:168)
[00000382] main interface debug: looking for interface module: 1 candidate
[00000382] main interface debug: using interface module "screensaver"
[00000382] main interface debug: thread started
[00000382] main interface debug: thread 2897726352 (interface) created at priority 0 (interface/interface.c:168)
*** LibVLC Exception not handled: No active input
Set a breakpoint in 'libvlc_exception_not_handled' to debug.
[00000375] main playlist debug: adding item `
http://bwcinema.com/VideoPlayList1.aspx ... te=1024000' (
http://bwcinema.com/VideoPlayList1.aspx ... te=1024000 )
[00000375] main playlist debug: rebuilding array of current - root Playlist
[00000375] main playlist debug: rebuild done - 1 items, index -1
[00000375] main playlist debug: starting new item
[00000375] main playlist debug: processing request item null node Playlist skip 0
[00000375] main playlist debug: creating new input thread
[00000384] main input debug: Creating an input for '
http://bwcinema.com/VideoPlayList1.aspx ... te=1024000'
[00000384] main input debug: thread started
[00000384] main input debug: waiting for thread initialization
[00000384] main input debug: `
http://bwcinema.com/VideoPlayList1.aspx ... te=1024000' gives access `http' demux `' path `bwcinema.com/VideoPlayList1.aspx?id=882&u=rishibhargava&WMContentBitrate=1024000'
[00000384] main input debug: creating demux: access='http' demux='' path='bwcinema.com/VideoPlayList1.aspx?id=882&u=rishibhargava&WMContentBitrate=1024000'
[00000385] main demux debug: looking for access_demux module: 0 candidates
[00000385] main demux warning: no access_demux module matched "http"
[00000384] main input debug: creating access 'http' path='bwcinema.com/VideoPlayList1.aspx?id=882&u=rishibhargava&WMContentBitrate=1024000'
[00000386] main access debug: looking for access module: 2 candidates
[00000386] access_http access debug: http: server='bwcinema.com' port=80 file='/VideoPlayList1.aspx?id=882&u=rishibhargava&WMContentBitrate=1024000
[00000386] main access debug: net: connecting to bwcinema.com port 80
[00000384] main input debug: thread 2889333648 (input) created at priority 10 (input/input.c:370)
[00000386] main access debug: connection: Operation now in progress
[00000386] main access debug: connection succeeded (socket = 52)
[00000386] access_http access debug: protocol 'HTTP' answer code 200
[00000386] access_http access debug: Server: Microsoft-IIS/6.0
[00000386] access_http access debug: We have a Cookie we won't remember: ASP.NET_SessionId=ds0murjnyeurue45mqyzym45; path=/
[00000386] access_http access debug: Content-Type: text/html; charset=utf-8
[00000386] access_http access debug: this frame size=52
[00000386] main access debug: using access module "access_http"
[00000388] main stream debug: Using AStream*Stream
[00000388] main stream debug: pre-buffering...
[00000388] main stream debug: received first data for our buffer
[00000384] main input debug: creating demux: access='http' demux='' path='bwcinema.com/VideoPlayList1.aspx?id=882&u=rishibhargava&WMContentBitrate=1024000'
[00000389] main demux debug: looking for demux module: 52 candidates
[00000389] playlist demux debug: found valid M3U playlist
[00000389] main demux debug: using demux module "playlist"
[00000384] main input debug: `
http://bwcinema.com/VideoPlayList1.aspx ... te=1024000' successfully opened
[00000375] main playlist debug: deleting item `
http://bwcinema.com/VideoPlayList1.aspx ... te=1024000'
[00000375] main playlist debug: rebuilding array of current - root Playlist
[00000375] main playlist debug: rebuild done - 1 items, index -1
[00000375] main playlist debug: no fetch required for
http://www.bwcinema.com/images/youarenotloggedin.gif (art currently (null))
[00000384] main input debug: EOF reached
[00000384] main input debug: control type=1
[00000375] main playlist debug: finished input
[00000386] main access debug: waitpipe: object killed
[00000375] main playlist debug: dying input
[00000389] main demux debug: removing module "playlist"
[00000386] main access debug: removing module "access_http"
[00000384] main input debug: thread ended
[00000375] main playlist debug: dead input
[00000384] main input debug: thread 2889333648 joined (playlist/engine.c:244)
[00000375] main playlist debug: starting new item
[00000375] main playlist debug: changing item without a request (current -1/1)
[00000375] main playlist debug: using item 0
[00000375] main playlist debug: creating new input thread
[00000430] main input debug: Creating an input for '
http://www.bwcinema.com/images/youarenotloggedin.gif'
[00000430] main input debug: thread started
[00000430] main input debug: waiting for thread initialization
[00000430] main input debug: `
http://www.bwcinema.com/images/youarenotloggedin.gif' gives access `http' demux `' path `
www.bwcinema.com/images/youarenotloggedin.gif'
[00000430] main input debug: creating demux: access='http' demux='' path='
www.bwcinema.com/images/youarenotloggedin.gif'
[00000431] main demux debug: looking for access_demux module: 0 candidates
[00000431] main demux warning: no access_demux module matched "http"
[00000430] main input debug: creating access 'http' path='
www.bwcinema.com/images/youarenotloggedin.gif'
[00000432] main access debug: looking for access module: 2 candidates
[00000432] access_http access debug: http: server='
www.bwcinema.com' port=80 file='/images/youarenotloggedin.gif
[00000432] main access debug: net: connecting to
www.bwcinema.com port 80
[00000430] main input debug: thread 2889333648 (input) created at priority 10 (input/input.c:370)
[00000432] main access debug: connection: Operation now in progress
[00000432] main access debug: connection succeeded (socket = 52)
[00000432] access_http access debug: protocol 'HTTP' answer code 404
[00000432] access_http access error: error: HTTP/1.1 404 Not Found
[00000432] access_http access debug: switching to HTTP version 1.0
[00000432] main access debug: net: connecting to
www.bwcinema.com port 80
[00000432] main access debug: connection: Operation now in progress
[00000432] main access debug: connection succeeded (socket = 52)
[00000432] access_http access debug: protocol 'HTTP' answer code 404
[00000432] access_http access error: error: HTTP/1.1 404 Not Found
[00000432] main access debug: net: connecting to
www.bwcinema.com port 80
[00000432] main access debug: connection: Operation now in progress
[00000432] main access debug: connection succeeded (socket = 52)
[00000432] access_mms access error: error: HTTP/1.1 404 Not Found
[00000432] main access warning: no access module matching "http" could be loaded
[00000432] main access debug: waitpipe: object killed
[00000430] main input error: open of `
http://www.bwcinema.com/images/youarenotloggedin.gif' failed: could not create access
[00000375] main playlist debug: finished input
[00000375] main playlist debug: dying input
[00000430] main input debug: thread ended
[00000375] main playlist debug: dead input
[00000430] main input debug: thread 2889333648 joined (playlist/engine.c:244)
[00000375] main playlist debug: starting new item
[00000375] main playlist debug: changing item without a request (current 0/1)
[00000375] main playlist debug: nothing to play