What is mpeg video

The 'Moving Picture Experts Group' (MPEG) is a working group of experts that was formed by ISO and IEC to set standards for audio and video compression and transmission.[1] It was established in 1988 and its first meeting was in May 1988 in Ottawa, Canada.[2][3][4] As of late 2005, MPEG has grown to include approximately 350 members per meeting from various industries, universities, and research institutions. MPEG's official designation is ISO/IEC JTC1/SC29 WG11 - Coding of moving pictures and audio (ISO/IEC Joint Technical Committee 1, Subcommittee 29, Working Group 11).