introduced in late 1998, is a name of a coding group audio and video standards and related technologies approved by the Moving Picture Experts Group (mpeg) ISO / IEC main uses for the MPEG-4 standard is the Internet (Streaming media) and CD, videophone and television broadcast.Format MPEG-4 is apt to compress large video formats such as. AVI, or. VOB, because the basic concept of MPEG-4 compression is to compress files when storing video.