MPEG video

Motion Picture Experts Group (MPEG) is a file format that compresses video files effectively but is not as standardized as QuickTime or AVI. There are actually several variations of MPEG. The version generally used for Internet and CD-ROM is MPEG-1, which provides picture quality nearly comparable to VHS. MPEG-2 can provide SVHS picture quality. However, the keyframe-based compression and variable bit rate that make MPEG popular for delivery of final video require significant processing time.

You can create MPEG video using the Save for Web export option.

Producing Final Video > About creating Internet media > MPEG video