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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WAV, sometimes called WAV, is an audio container format developed by IBM and Microsoft and comes with a .wav filename extension. Unlike popular formats like MP3 and MP4, WAV isn’t a lossy format, so it’s bigger and less popular. WAV files can be opened on various OS platforms via software like Windows Media Player, MPlayer, VLC Media Player, and more.