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.
this is open lossless codecs, developed under the Ogg project. Lately it’s become quite popular: many users wishing to store audio with original quality choose FLAC. This is partly in connection with the fact that codecs uses IDv1 and IDv3 tags - this allows a user to sort an audio collection according to one’s particular tastes, changing the original metadata of the tracks.