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Compressing Videos for mobile usage

I am watching sufferfest on my phone at gym - the picture is very jerky and I think it might be a bit high-res. Question is whether there is a way to get the video compressed to a lower RES that would work for my smart phone, or does anyone know the best android app to watch these videos on? I've tried a few.
Finally if not then what do other people watch their videos on?
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