WTV (Windows Recorded TV Show File) is a video format recorded using Windows Media Center (WMC). WMC is a program for recording TV shows and playing multimedia content. WTV uses the MPEG-2 compression standard for videos and Dolby Digital AC-3 or MPEG-1 Layer II for audio. Some WTV files might include metadata as well as DRM protection.
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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)