Primarily, the common compression of audio and visual digital data can be defined by the mean of MPEG4. An MPEG4 file that was introduced in late 1998 is a video file saved in the MPEG-4 container format. Its purpose is to set the standard for a number of both audio and video coding formats.
You can check more on this post for what is MPEG-4 file and how to play it:
The Best MPEG4 Player for Your Computer
Posted on Mar 27, 2020
MPEG-4 is a graphics and video compression algorithm standard that is based on MPEG-1, MPEG-2 and Apple QuickTime technology. Wavelet-based MPEG-4 files are smaller than JPEG or QuickTime files, so they are designed to transmit video and images over a narrower bandwidth and can mix video with text, graphics and 2-D and 3-D animation layers.
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