H.264 is a video compression standard used for HD videos. In fact, it’s the most widely-used video codec today. As such, this codec can be incorporated into several container formats like MP4, 3GP, MOV, FLV, and others. Most of the time, it’s encoded with the Advanced Audio Coding (AAC) codec.
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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.