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The video will record to MPEG format by default and the video file created in My Documents\VLC Record<del>The video will record to MPEG format</del> by default and the video file created in My Documents\VLC Record VLC will "capture" the stream and will not re-encode when using the record button. If you view H.264 MPEG4 and click the record button, the segment of the stream being played will be captured to H.264 MPEG4 directly. If viewing MPEG1 and record, it will capture MPEG1. Using the "record button" feature only captures the video and format being viewed.