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MPEG-4 is a revolutionary format which enables the capability of smaller file sizes and it makes media more compatible with different speeds than the one it was originally made for. It was finalized in 1998 and is now standard since the year 2000. It can handle 3d objects, sprites, text and other file types. It was made by the same people who made MPEG-1, as it is quite a fine-tuned format.
The main websites that you’ll find use the MPEG-4 are sites that have trailers of upcoming movies and sometimes long trailers which are rarely found. MPEG-4 is used on many devices such as iPods and Satellite Television which many of us still use today and tomorrow. MPEG-4 brings higher levels of interaction with content, controlled by the content developers. It also brings multimedia to new types of networks, including those employing relatively low bit rates, and mobile ones.
The DivX Codec can be quite easily related to the MPEG-4 format as Windows Media Player cannot play MPEG-4 Encoded Files unless the Codec exists Its basically compression but in a quite safe and secure environment.