Compressed video file format

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Possible Answers: MPEG.

Random information on “Joint Video Team”:
Joint Video Team (JVT) is joint project between ITU-T SG16/Q.6 (Study Group 16 / Question 6) – VCEG (Video Coding Experts Group) and ISO/IEC JTC1/SC29/WG11 – MPEG for the development of new video coding recommendation and international standard.[6][10] It was formed in 2001 and its main result has been H.264/MPEG-4 AVC (MPEG-4 Part 10).[11]
Taken from Wikipedia