— Thomas Nigro (@ThomasNigro) July 30, 2014
He further confirms that VLC player app is now an universal app sharing same code base across Windows Phone 8.1 and Windows 8.1.
On when it will be released, he says it is not coming this week at least and has promised more details in a blog post. So, we will keep you updated!!
And here is the update on VLC dev’s blog post: