Copy and paste this MURL to the 'Choose a stream output' input box of the Stream output page of VLC's preferences.
What this says is to transcode audio to 192 bit/sec MPEG layer 2 (the MP3 encoder is much slower), to display the video only, and to stream the audio to HTTP port 8080.Originally based on the work of Team Twiizers.
Don't hesitate to ask questions, to register your hardware specifications, to submit new ideas or to vote and comment the ones that are already there. The best video player: sudo apt install -y vlc.