vlc -vvv --extraintf="dummy" --loop "g:\timemachine_2002.avi" --sout '#transcode{vcodec=mp4v,acodec=mpga,vb=800,ab=128,deinterlace}:standard{access=udp,mux=ts,dst=239.255.12.42,sap,name="TestStream"}'

Error
[00000327] main input debug: thread 3928 joined (input/input.c:412)
[00000288] main playlist debug: creating new input thread
[00000330] main input debug: waiting for thread completion
[00000330] main input debug: thread 3928 (input) created at priority 1 (input/in
put.c:265)
[00000331] main stream output debug: using sout chain=`std{mux="",access="'#tran
scode{vcodec=mp4v,acodec=mpga,vb=800,ab=128,deinterlace}",dst="standard{access=u
dp,mux=ts,dst=239.255.12.42,sap,name=TestStream}'"}'
[00000331] main stream output debug: stream=`std'
[00000332] main private debug: looking for sout stream module: 1 candidate
[00000332] main private warning: missing value for option mux
[00000332] main private debug: set sout option: sout-standard-access to '#transc
ode{vcodec=mp4v,acodec=mpga,vb=800,ab=128,deinterlace}
[00000332] main private debug: set sout option: sout-standard-dst to standard{ac
cess=udp,mux=ts,dst=239.255.12.42,sap,name=TestStream}'
[00000332] stream_out_standard private debug: creating `'#transcode{vcodec=mp4v,
acodec=mpga,vb=800,ab=128,deinterlace}/(null)://standard{access=udp,mux=ts,dst=2
39.255.12.42,sap,name=TestStream}''
[00000332] stream_out_standard private debug: extension is 42,sap,name=TestStrea
m}'
[00000332] stream_out_standard private debug: extension -> mux=(null)
[00000332] stream_out_standard private error: no mux specified or found by exten
sion
[00000332] main private warning: no sout stream module matching "std" could be l
oaded
[00000332] main private debug: destroying chain... (name=std)
[00000332] main private debug: destroying chain done