AVI (Audio Video Interleave) is a digital multimedia container format developed by Microsoft in 1992 for its Video for Windows project. This file format saves both video and audio data in its container that supports synchronous audio-with-video playback. And like DVD format, AVI allows multiple audio and video streaming as well.
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FLAC (Free Lossless Audio Codec) is a free lossless digital audio format developed by Xiph.Org. A compressed FLAC file can be reduced by between 50-70% of the original size and decompress back to the original sound data. This file format supports metadata like ID3 tags, cover art, and album title.