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
WMA (Windows Media Audio) is a collection of multiple sound codecs and their respective coding formats. It was developed by Microsoft in 1999 as part of its Windows Media framework. WMA features up to four codecs, including WMA, WMA Pro, WMA Lossless, and WMA Voice. Each codec has its own distinct function.
VLC Media Player Winamp Zune Software Media Player Classic