Any audio/video players with these features?

Every single day, I spend my time watching and listening to various music videos using "Media Player Classic" paired with some external speakers, and I find myself wondering if there is a media player out there that offers these two specific features:

1-A dedicated balance slider—one where I can decrease the volume of one speaker while simultaneously boosting the other.
The reason I’m asking is due to my current setup—one speaker is practically right next to me (about 1.5 feet away), while the other is positioned much further back (roughly 13 feet), so naturally, the distant one sounds much quieter.

2-An incredible stereo effect>

Give Dolby Audio a shot—it might actually do the trick for you. It’s got plenty of solid features under the hood.

From what I can gather, there isn't an option to adjust the balance—which, quite frankly, is the one feature I find myself needing most right now.

Winamp actually has a balance control.

Wow, I can't believe Winamp is still around!
I used to live and breathe this software over twenty years ago—back then, it was easily the undisputed king of music players.
I am absolutely going to give this a spin; I need that hit of pure nostalgia to transport me back to the good old days.

Is iTunes considered freeware or shareware?