Windows Media Player (2022)
Windows Media Player is a video and audio player developed by Microsoft for Windows 11 and subsequently backported to Windows 10. It is the successor to Groove Music (previously Xbox Music), Microsoft Movies & TV and the original Windows Media Player. It started rolling out to Windows 11 Insider channels in November 2021 and then to all users starting in January 2022; Windows 10 users followed suit in January 2023. Features 
The new Media Player can also play video, as part of Groove's rebranding from a music streaming service to a media player. Other changes include the album cover view being in fullscreen, and a refresh to the mini player. Accessibility has also been optimized, with some improved keyboard shortcuts and hotkey support for keyboard users and with other assistive technologies. Some features from the old Windows Media Player were not included, such as DLNA local streaming and the ripping of CDs. Ripping was eventually added to Media Player in the Windows 11 build 22000 update. Supported formats
This is a list of known supported formats in Media Player on Windows 10 and Windows 11. See also
Groove Music – UWP-based music player; predecessor of Media Player for Windows 10 and Windows 11
Microsoft Movies & TV – UWP-based video player and online store
Windows Media Player – Win32-based "classic" media player app

References 

Windows 11
Microsoft Windows multimedia technology
Windows media players
Microsoft software
2022 software