MP3 is a standard audio format developed by Moving Picture Experts Group and uses MPEG-1 and MPEG-2 standardizations. MP3 uses lossy data compression, meaning that it loses quality over time. This sound format comes with a .mp3 filename extension and is today the most common audio format on websites and multimedia players.
Windows Media Player iTunes, Mplayer VLC Media Player
OGV is a digital video container format related to the encoding technology of the OGG Vorbis video. It can save multiple related video stream codecs like the DivX and Theora. It is these codecs that allow OGV files to open on varying media players.
MPLayer Classic VLC Media Player Jriver Media Center MPUI