How to install Kodi on Ubuntu Server 14.04

I have a small Shuttle Barbebone computer which I’m mainly using as a KVM hypervisor on top of Ubuntu Server 14.04 to run a few VMs. Since the Barebone also sports a HDMI port and the CPU comes with an integrated Intel HD GPU I thought it would be a great Kodi (ex XBMC) mediacenter as well. However, I’ve been unable to find a working walk-through on how to install it on Ubuntu Server. Most likely because nobody ever does this on a server OS. Anyway, here’s how to install the latest Kodi release on Ubuntu Server 14.04 including hardware acceleration for the Intel HD GPU. Continue reading