is there software that convert mpeg1 files to other format to get better compression rate?

To: debian-user@lists.debian.org
Subject: is there software that convert mpeg1 files to other format to get better compression rate?
From: j smith <rootof3@yahoo.com>
Date: Sun, 28 Dec 2003 15:48:05 -0800 (PST)
Message-id: <[🔎] 20031228234805.79783.qmail@web60509.mail.yahoo.com>

is there software that convert mpeg1 files to other
format to get better compression rate?

i have used mplayer, but it can't play mpeg1 file
correctly: audio and video does not synchronize well.

i have used helix-producer for Windows, which has the
same problem.

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