Ack! Much to my chagrin, flip-4-mac has become a paid component.
So after a bit of digging, I have found an older yet still functional version that is free - so here's the complete updated list and instructions with corrected links.
You need to install some other stuff to get the full file functionality back.
Here's the list.
Start with QT 7.6.6. - http://support.apple.com/kb/DL923 (This will install into the Applications/Utilities folder)
Get Perian, and install it. - http://perian.org
then VLC, - http://videolan.org
and the Flip4Mac 3.0.0.126 here: http://flip4mac.en.uptodown.com/mac/download
A52/AC3 downloader: https://www.macupdate.com/app/mac/21875/a52codec - In this installer package there is an audio A52Codec.component. DO NOT USE IT! Throw it out and use the one that is linked below.
This is what I've put into my system and so far I've gotten every file to run fine, even my oldest videos.
These are codecs you should see.
In System/Library/QuickTime
AppleIntermediateCodec.component
AppleMPEG2Codec.component* (*optional if you've bought it)
Flip4Mac WMV Advanced.component
Flip4Mac WMV Export.component
Flip4Mac WMV Import.component
In your Home/Library/QuickTime/
AC3MovieImport.component (you may or may not want this component, in some instances it causes conflicts. In my system, it doesn't. Who knows why? I don't.)
Perian.component
For AC3 sound that is in most .mkv files, you need the A52Codec.component, this is the one you want, here:https://code.google.com/p/subler/downloads/detail?name=A52Codec.component.zip - unzip the file and put the component into the System/Library/Audio/Plug-ins/Components
Go back to your Perian settings (It should be in the System Preferences, at the bottom) and in the Audio Output button, set it to 'Multi Channel Sound' - Ignore the message Perian puts up and select it.
By doing a 'Get Info' on your files and where it says 'Open With' - default them to the QuickTime 7 program. Perian no longer will work with QuickTime Player X so you must have QT 7.6.6 and set it so it is the default for all the filetypes you use.
If you DO decide to do this, just do NOT delete the QuickTimeX. For some reason, the OS gets a bit peevish that it is not there anymore and it's a real pain to have to re-install. Just leave it.
Everything works perfectly with QT7 - and you CAN buy a Pro Key from Apple if you want to unlock it and access it's full editing/transcoding capabilities.
So far I've gotten ALL my old videos to play.
.avi, .mov (with the AC3 sound), .wmv, .flv, .mp4 and .m4v. all run fine as do all the older formats.
Good luck!
Deb.