Have you looked at ffmpeg? it's LGPL (if you remove the 2 GPL dependencies) although the legal issues with mpeg4 patents are still a gray issue:
http://ffmpeg.mplayerhq.hu/legal.html
http://ffmpeg.mplayerhq.hu/legal.html
Important notice regarding pantson.MPEG
BlitzMax Forums/BlitzMax Programming/Important notice regarding pantson.MPEGThe forum is locked. These are the original blitzbasic.com forums, kept so they can still be read. No new topics, replies or edits can be made here. To join in, head over to the Blitz3D+ forums.