What about playing two different movies on two TVs at the same time?

This is possible, but you would have to have two HDMI ports on your computer. Go under VLC tools → Preferences → Interface. Under the interface tab, uncheck "allow only one instance" and "use only one instance when started from file manager," both of which are under the section "Playlists and Instances." Next, hook up the two HDMI cords to your computer and the two TVs. Now, go to Menu → Stream and choose your first movie file. Set the stream output to the monitor 2. Do this again, but with the other movie file and set the output to monitor 3.