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This is an audio codec. The name to use at the command line is mpc.
This codec is from the mpc module.

Musepack (MPC) is a lossy VBR audio codec based on the MP2 codec that aims to compress/decompress faster than mp3 or AAC while maintaining high sound quality.

Support for Musepack was added in VLC 0.8.4, and both formats (S7 and S8) have been supported since 1.1.6 (according to Musepack: A wake up call and VLC support).

Source code