re: wavpack, from wikipedia:
> WavPack also incorporates a "hybrid" mode which still provides the features of lossless compression, but it creates two files: a relatively small, high-quality, lossy file (.wv) that can be used by itself; and a "correction" file (.wvc) that, when combined with the lossy file, provides full lossless restoration. This allows the use of lossy and lossless codecs together.
This hybrid encoding format lets you keep files for both purposes (lossless for audio production and archiving, pre-encoded to HQ lossy for audio consumption) in less space than would be required to keep e.g. an ALAC file + a cached lossy M4A encoding of it, the way iTunes does when you specify "optimize tracks' space-usage for portable devices."
Such a hybrid design is ideal for e.g. the Internet Archive, where they want to keep lossless archival representations of files for historians to study, and to create encodings from; but also want to serve usable representations of those artifacts to users who care more about transfer-speed and bandwidth cost than perfect fidelity.