There is considerable variation between consumer DVD players in terms of both media and the codecs (coder-decoder) types they can handle. I suggest researching this topic at Videohelp.com. They will provide you with the exact detasils, as well as an extensive database of 100s of thousands of user tech reports on the exact capabilities of thousands of models. I’d never buy a DVD palter without checking them (I did once, years ago. It was a great Sony unit, but it had a couple of drawbacks that dramatically reduced its usefulness for me.)
Personally, my favorite DVD player right now is a Philips DVP-642, which plays MP4s and just about anything else I throw at it (including avis on DVD-ROMs). It does have a little trouble with some SVCD videos some colleagues in India sent me, but I believ ethatthis is most likely due to they way they encoded it (they are not experienced) and might be fixed if I applied the latest update patch to my player.
You should be aeware that a true DVD is (currently) always an MPEG-2 encoded disk with a certain file structure. Typically, you can’t just play it “out of the box” on your PC unless you have player software installed (which may have come with your PC). Technically, you can – if you know which file to look for inside the DVD, btu I’m guessing you didn’t go poking around. MPEG4 is a general standard for the next generation, but it’s very broad strokes, and a lot of other popular codecs are just specific versions/settings of the general MPEG4 spec.
Similarly, there are several forms of video recording (VCD, SVCD, KVCD etc) which are just various specs for recording video in a DVD-like format on a CD. They are often quite good, if done well, but never quite as good as a DVD (because a CD only holds 700MB vs 4.7GB for a DVD). Many disks you can play on your computer are really just computer files recorded in DVD-ROM or CD-ROM format. All but a handful of the most recent DVPs will not be able to play such files.
My $50+ Philips DVP-642 can handle DVD-ROM, and most computer multimedia, so I can play a lot of media directly from backup CD/DVDs (of my computer hard drive over the years) – stuff I never expected or intended to play anywhere but on my computer. Not bad for a $50 DVP! {with free shipping from Amazon] But please do your own homework on Videohelp and elsewhere, before buying especially if you’re likely to get your undies in a bunch over a $50 DVP. Different things bug different people.
Personally I recommend my model as an inexpensive starter DVP, with a decent picture and killer all-purpose compatibility. YMMV, but since you won’t pay too much less for any DVP anyway, what have you got to lose? (again, do your homework and read the reviews. )