WMV (Windows Media Video) is a collection of video codecs with their respective coding formats introduced by Microsoft on its Windows Media framework. Initially, it was designed to compete with RM format on online streaming apps. It stores compressed videos and is even used to deliver content on Blu-ray/DVDs.
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MXF (Materia Exchange Format) is an audiovisual container format developed by SMPTE. It contains full metadata and timecode support and is considered as the future standard for audio and video applications. Theoretically, MXF can streamline data between different platforms, like servers and digital cameras.
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SMPTE (Society of Motion Pictures and Television Engineers)