I'd glad to see VLC distributed compressed in 7-zip. As I'm able to compress VLC 0.8.1 win32 to 5 227 044 bytes. See
http://www.7-zip.org. Even on Linux I was able to run and work in 7-zip GUI through Wine. I like rather downloading noninstalation versions but in classic zip it's quite big (nearly 2 times bigger than in 7-zip). Even I'm able to compress it through 7-zip to zip deflate64 to 95% of distributed file. Even in tar.gzip it's 94% of distr. file. Smaller file makes easier to distribute so it can be popular as "small GUI player of many formats".