MP4 is the world's default video: the file that plays before anyone has to think about it. It was born in 2001, the MPEG standards group, built on Apple's QuickTime design, and its real weak spot is very little day to day: as a container its quality depends on the codec inside.
WMV is a time capsule from the Windows XP years: tidy little files with dated manners. Windows Media Video, usually inside an ASF container; once the backbone of DRM movie rentals. That makes it the right destination when what you need is old Windows archives and PowerPoint decks that still insist on it.