The VLC player app which was released a while ago for the iPhone has been kicked out  from the App Store because it was violating copyright laws!!. Something which Apple don't like for sure .Keep reading to know why and how you can get it back frome it's Cydia new home.

VLC developer Rémi Denis-Courmont had this to say regarding this matter:

At last, Apple has removed VLC media player from its application store. Thus the incompatibility between the GNU General Public License and the AppStore terms of use is resolved – the hard way. I am not going to pity the owners of iDevices, and not even the MobileVLC developers who doubtless wasted a lot of their time. This end should not have come to a surprise to anyone.

Call yourself lucky if you have downloaded VLC for iPhone before it was remove, but there is no need to disappoint if you missed downloading as VLC for iPhone is now available on Cydia. Ryan Petrich is hosting the app on his beta repo in Cydia. 

Here is How to get it Back from it's new Cydia home  

1. Open Cydia

2. Tap the Manage tab & then Tap on Sources

3. Now Tap the Edit button & click on Add

4. Type the following repo url http://rpetri.ch/repo & tap on Add sources

5. Once Cydia completes adding new repo, go to search option & search for
“VLC Media Player”.

6. And tap on VLC Media Player from the search result.

7. Click on Install and enjoy VLC Media Player for iPhone