This document summarizes audio and video compression techniques. It defines compression as reducing the number of bits needed to represent data. For audio, it describes lossless compression which removes redundant data without quality loss, and lossy compression which removes irrelevant data and degrades quality. It also describes audio level compression. For video, it defines lossy compression which greatly reduces file sizes but decreases quality, and lossless compression which preserves quality. The advantages of compression are also stated such as faster transmission and reduced storage needs, while disadvantages include possible quality loss and extra processing requirements.