The ISO/IEC Moving Picture Experts Group (MPEG) is an international organization responsible for developing standards for audio and video compression and transmission. Established in 1988, MPEG aims to facilitate the efficient storage and delivery of multimedia content across various platforms and devices. MPEG has created several widely-used standards, including MPEG-1, MPEG-2, and MPEG-4, which are essential for digital video and audio formats. These standards help ensure compatibility and interoperability among different systems, making it easier for users to access and enjoy multimedia content globally.