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
HEVC (High Efficiency Video Coding), is a modern video compression standard developed as the successor to the standard H.264 (Advanced Video Coding). In comparison to H.264, this format offers up to 50% better data compression while providing improved video quality at a similar bitrate. Today, HEVC is used by over 40% of video developers, only second to AVC.