RealNetworks has announced a new generation of the Real Player. The company will provide a free downloadable video player that allows users to save and manage video files in all major formats including Flash, QuickTime, RealMedia and Window Media. These formats, primarily Flash, are used by many publishers and video sharing sites including YouTube, Google, Yahoo! Brightcove, AOL and The New York Times.

Here’s a video of Ben Rotholtz of RealNetworks showing a demo of the new player.

The new player will be available next month at RealPlayer.