Ajay,
This is what's in the RPI B+ log .. not sure if this is an encoding issue or i have a wrong version
08:48:09 T:2791306304 NOTICE: Thread BackgroundLoader start, auto delete: false
08:48:18 T:2799694912 NOTICE: Thread LanguageInvoker start, auto delete: false
08:48:18 T:2799694912 NOTICE: -->Python Interpreter Initialized<--
08:48:38 T:2799694912 NOTICE: urlresolver: Initializing URLResolver version: 2.4.0
08:49:37 T:2769986624 NOTICE: Thread BackgroundLoader start, auto delete: false
08:50:06 T:2799694912 NOTICE: Thread LanguageInvoker start, auto delete: false
08:50:07 T:2799694912 NOTICE: -->Python Interpreter Initialized<--
08:50:16 T:2799694912 NOTICE: urlresolver: Initializing URLResolver version: 2.4.0
08:50:23 T:2799694912 NOTICE: No HD link
08:50:24 T:3036713760 NOTICE: COMXPlayer: Opening:
http://www.mediaplaybox.com/media/files_...16574e.flv
08:50:24 T:3036713760 WARNING: CDVDMessageQueue(player):
ut MSGQ_NOT_INITIALIZED
08:50:24 T:2769986624 NOTICE: Thread OMXPlayer start, auto delete: false
08:50:24 T:2769986624 NOTICE: Creating InputStream
08:50:24 T:2769986624 NOTICE: Creating Demuxer
08:50:24 T:2791306304 NOTICE: Thread FileCache start, auto delete: false
08:50:25 T:2769986624 NOTICE: Opening video stream: 0 source: 256
08:50:25 T:2769986624 ERROR: COMXVideo::Open : Video codec unknown: 16
08:50:25 T:2769986624 ERROR: OMXPlayerVideo : Error open video output
08:50:25 T:2769986624 WARNING: OpenVideoStream - Unsupported stream 0. Stream disabled.
08:50:25 T:2769986624 NOTICE: Opening audio stream: 1 source: 256
08:50:25 T:2769986624 NOTICE: Creating audio thread
08:50:25 T:2743919680 NOTICE: Thread OMXPlayerAudio start, auto delete: false
08:50:25 T:2769986624 WARNING: CDVDMessageQueue(video):
ut MSGQ_NOT_INITIALIZED
08:50:25 T:2799694912 WARNING: Attempt to use invalid handle -1
08:50:25 T:2769986624 WARNING: CDVDMessageQueue(video):
ut MSGQ_NOT_INITIALIZED
08:50:25 T:2769986624 NOTICE: OMXClock using audio as reference
08:50:27 T:2887873600 NOTICE: PrimeWire: Service: Playback started