There is no such thing. Moreover, there is no such concept as "video compression type". There is a two-level hierarchy: a media container and its format, and the different compression algorithms (and types of codecs) for each streams housed by the containers. Different types of containers support different subsets of types of the streams (video, audio, captions, and the like) and different subsets of compression algorithms. (It looks like only Matroska, sometimes referred as
"king of containers" supports everything.)
Please see:
http://en.wikipedia.org/wiki/Digital_container_format[
^],
http://en.wikipedia.org/wiki/Comparison_of_container_formats[
^],
http://en.wikipedia.org/wiki/Codec[
^].
"Microsoft Video1" does not look as a candidate for universal at all and is probably hopelessly obsolete. Look out of you window (or Windows) and see what year is on the street. :-)
It is hard to say what the notion "universally accepted" itself could mean. Perhaps we can only discuss what can be accepted on the Web. Look at this:
http://en.wikipedia.org/wiki/WebM[
^],
http://en.wikipedia.org/wiki/VP8[
^],
http://en.wikipedia.org/wiki/VP9[
^].
See also:
http://en.wikipedia.org/wiki/Moving_Picture_Experts_Group[
^].
—SA
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