RM is video container format which is used in conjunction with the program RealPlayer. The format contains audio or video data or a link to a streaming media file. RM is commonly used for streaming content over the Internet and is therefore very important for Internet radio and Internet videos.
MP3 is an audio format that can compress and encode an audio file. It uses the lossy compression algorithm to contain audio data. The lossy compression helps to reduce the data significantly without losing audio quality. MP3s are created using different bit rates maintaining the original quality.
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