See Also: AVPlayer Members
An MonoTouch.AVFoundation.AVPlayer links the visual presentation, control, and dynamic state of one or more MonoTouch.AVFoundation.AVAssets.
The visual element of the display is done by a MonoTouch.AVFoundation.AVPlayerLayer, while it's current state (current time, etc.) is held in an MonoTouch.AVFoundation.AVPlayerItem, which in turn references an MonoTouch.AVFoundation.AVAsset.

C# Example
var asset = AVAsset.FromUrl(NSUrl.FromFilename("sample.m4v"));
var playerItem = new AVPlayerItem(asset);
var player = new AVPlayer(playerItem);
var playerLayer = AVPlayerLayer.FromPlayer(player);
View.Layer.AddSublayer(playerLayer);
player.Play();