@Kernelpanic
The post title is misleading. This isn't "Video in QB64". This is just you trying to launch VLC. I'd recommend reading the documentation for VLC to make sure you are passing the parameter correctly.
Try...
SHELL _DONTWAIT "START vlc KindMitBall.mp4"
C:\Programme\Videolan\VLC\vlc.exe "[youtube]https://youtu.be/mAWroivNprc[/youtube]" --directx-volume="0.3" (without [youtube])
Yes, I did post a video player using API (in the wiki) but it only seems to work in Windows 7 on some systems, and doesn't play many formats.