WebM is an open-source, royalty-free multimedia format for streaming content online. It contains compressed video streams of either VP8 or VP9 codec and compressed audio streams of Oupus or Vorbis codec. Today, it’s one of the most widely used file formats to stream videos online because of its lightweight and real-time delivery nature.
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HEVC MKV is a digital media format that uses HEVC codec, instead of the usual H.264, which is used on typical MKV files. HEVC MKV files are encoded at lower bitrates than H.264 MKV, making them smaller by up to 50%. However, software and hardware support for HEVC MKV files is quite limited as opposed to H.264 MKV, which ranks among the most popular media formats today.
VLC Media Player
MKV File Player