Filip Roséen authored May 16, 2017 and Jean-Baptiste Kempf committed May 16, 2017

 - add missing "the"
 - do not repeat "is", instead replace latter usage with "also"
 - given that VLC is free of everything listed, "and" is more
   appropriate than "or".
 - Emphasize that the last sentence is about VLC, and not the
   organization itself by using "The application" instead of "It is"
 - remove trailing whitespace

Signed-off-by: Jean-Baptiste Kempf <jb@videolan.org>