OGV is a video file format that uses an open OGG container. The name of the format is also associated with this - an abbreviation for Ogg Video File. The developer of both formats is Xiph.Org. The OGV format stores video streams that use either one or several different codecs (for example, Theora). OGV files can be played on almost any media player. They are also used when displaying web pages using HTML5, however, these files (even videos) often have the .OGG extension. OGV video compression is lossy.
MP3 is the most common music (sound) file format. This format was developed by Fraunhofer IIS and Thomson. This format for storing and transmitting music (sound) files in digital form uses signal compression technology. That is why, unlike the previously widespread WAV format, MP3 files (full name - MPEG Audio Layer-3) are much smaller in size, and their sound quality is much higher. The MP3 format was one of the first and most successful sound compression methods. One of the important characteristics of this process is the degree of compression, that is, how much data is transferred per unit of time. Standard MP3 encoding is from 64 to 320 kb / s.