The document provides an overview of MPEG-4, a standard that offers both advanced audio and video codecs as well as tools for combining multimedia such as audio, video, graphics and interactivity. MPEG-4's codecs provide high compression efficiency, with its AVC video codec offering half the bitrate of MPEG-2 for similar quality. Its tools allow for rich interactive media experiences by combining different media types. Manufacturers and operators have adopted MPEG-4 due to its excellent performance, open development process, compatibility between implementations, and ability to encode once and play anywhere.