The open source format that has multiple versions for storing audio and video content is MPEG-4 (MP4) can store both audio and video content.
What is MPEG-4 (MP4)?
MPEG 4 is a format for compressing audio and video data over the internet. It's also used in things like broadcast television and CD distribution.
The International Organization for Standardization developed MP4 as a media container. It includes audio, video, and text information.
Thus, the correct option is MPEG-4 (MP4).
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