MPEG-2 (aka H.222/H.262 as defined by the ITU) is a standard for the generic coding of moving pictures and ISO/IEC 13818 MPEG-2 at the ISO Store. It describes a combination of lossy video compression and lossy audio data compression methods, which permit storage and transmission of movies using currently available storage media and transmission bandwidth.
is a standard for storing audio files in Apple operating systems. It was developed in 1988 based on the IFF format and is a lossless format - audio data is stored in an uncompressed form. In essence, AIFF is an analog to WAV for the Apple Macintosh platform.