How to install latest VLC media player on Ubuntu 18.04 Bionic Beaver using PPA -

The objective is to install the latest version of the VLC media player from the PPA repository on Ubuntu 18.04 Bionic Beaver
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$ sudo add-apt-repository ppa:videolan/master-daily
Traceback (most recent call last):
  File "/usr/bin/add-apt-repository", line 11, in <module>
    from softwareproperties.SoftwareProperties import SoftwareProperties, shortcut_handler
  File "/usr/lib/python3/dist-packages/softwareproperties/", line 64, in <module>
    from . import shortcuts
  File "/usr/lib/python3/dist-packages/softwareproperties/", line 23, in <module>
    _DEF_CODENAME = aptsources.distro.get_distro().codename
  File "/usr/lib/python3/dist-packages/aptsources/", line 576, in get_distro
    os_release = _OSRelease()
  File "/usr/lib/python3/dist-packages/aptsources/", line 529, in __init__
  File "/usr/lib/python3/dist-packages/aptsources/", line 532, in inject_lsb_compat
    self.result['Distributor ID'] = self.result['ID']
KeyError: 'ID'