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Drop one WMV or two hundred. Batch conversion is not a paid feature here.
A WMV from an old Windows machine, a corporate training library or a screen recorder will not play on a Mac or a phone.
WMV video, normally WMV3 or VC-1, and WMA audio are decoded and re-encoded to H.264 and AAC in an MP4 container. This is a full transcode.
Some WMV files carry Windows Media DRM from the era when it was used for corporate training and rented media. Those cannot be converted at all, and the failure looks like a decoding error rather than a licensing one.
Microsoft stopped shipping Windows Media Components for QuickTime many years ago, and macOS has no built-in VC-1 decoder.
Slightly, because it is a genuine re-encode. Use a high quality setting and the difference stays invisible.
Drop one WMV or two hundred. Batch conversion is not a paid feature here.
MPEG-4 Video is lossy, so the quality control decides the trade between size and fidelity.
Instant, because the file never went anywhere. Nothing expires, since nothing was stored.