WMV, The Advanced Systems Format (ASF) is a digital multimedia container designed primarily for storing and transmitting media streams. Microsoft Windows Media Video (WMV) is the compressed video format and Microsoft Windows Media Audio (WMA) is the compressed audio format along with additional metadata in the ASF container developed by Microsoft. Once the WMV or WMA files are encoded with Windows Media Video and Windows Media Audio codecs then they are represented with .asf extension. WMV compresses large files for a better transmission rate over a network while maintaining the quality of the video. WMV is specifically designed to run on all Windows devices. After the standardization by the Society of Motion Picture and Television Engineers (SMPTE), WMV is now considered to be an open standard format.
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