MPEG-4 Part 14, formally, ISO/IEC 14496-14:2003, is a multimedia container format standard specified as a part of MPEG-4. It is most-commonly used to store digital audio and digital video streams, especially those defined by MPEG, but also can be used to store other data such as subtitles and still images. Like most modern container formats, MPEG-4 Part 14 allows streaming over the Internet. The official filename extension for MPEG-4 Part 14 files is .mp4, thus the container format is often referred to simply as MP4.
info link : http://en.wikipedia.org/wiki/MPEG-4_Part_14
tag: mp4, mp4 player, multimedia digital audio, movie