There's this application called PSPVC (PlayStation Portable Video Converter) created by homebrew developer fif1973. Now, we found another program of the same nature and even has a somewhat similar name over at Italian PSP-dedicated site PSP-Ita.

The homebrew is called PSP Video Converter and was developed by Nick Swardh. Currently in version 1.2, PSP Video Converter is a transcoder that lets users convert various types of videos to a format the PSP supports. The current features of this version include:

• Adding the possibility to use of the "Presets" and eventually to create itself some of own.
• Adding the option in order to make an esteem of the scenes filmato in order to increase the accuracy of codifies end.
• Qualified the option for settare the algorithm of codifies "Trellis" (optimization of the request)
• Qualified the option for settare the algorithm of codifies "Macroblocks" (Improves the jam and the quality video)
• Qualified the option for settare the amount of the B-frames (Improves the jam)
• Added the filter for the correction of the colors for rows MPEG.
• Agginta the function of "Crop Car" for ritaglio automatic rifle of the black areas of the video.
• Added a filter of "Deblock" for miglirare the visual yield of a video much blocchettoso
• Added the filter for the removal of it disturbs video "Noise Removal".
• Adding the function "Random Screenshot" in order to carry out one diapositiva to use like preview of the video.
• Improved the function of Delay/Sync Audio.