The Matroska Multimedia Container is an open standard free container format, a file format that can hold an unlimited number of video, audio, picture, or subtitle tracks in one file. It is intended to serve as a universal format for storing common multimedia content, like movies or TV shows. Matroska is similar in concept to other containers like AVI, MP4, or Advanced Systems Format (ASF), but is entirely open in specification, with implementations consisting mostly of open source software. Matroska file extensions are .MKV for video (with subtitles and audio), .MK3D for stereoscopic video, .MKA for audio-only files, and .MKS for subtitles only.
MPEG-4 Part 14 or MP4 is a digital multimedia format most commonly used to store video and audio, but can also be used to store other data such as subtitles and still images. Like most modern container formats, it allows streaming over the Internet. The only official filename extension for MPEG-4 Part 14 files is .mp4, but many have other extensions, most commonly .m4a and .m4p. M4A (audio only) is often compressed using AAC encoding (lossy), but can also be in Apple Lossless format. M4P is a protected format which employs DRM technology to restrict copying. MPEG-4 Part 14 (formally ISO/IEC 14496-14:2003) is a standard specified as a part of MPEG-4. Some devices advertised as "MP4 Players" are simply MP3 Players that also play AMV video or some other video format, and do not necessarily play the MPEG-4 Part 14 format.