The .MP4V video file format is based on the MPEG-1 and MPEG-2 standards and was developed to contain both very low bit-rate media and very high bit-rate media, also known as high definition media. It was developed to keep up with the standards for the H.264 codec, which is also a High Definition video codec. Because of this, the video quality and compression is very similar.
Typically, MPEG-4 files actually use the file extension MP4, but may also use the extension MP4V.
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