Not one I'm familiar with. Windows *.WMV video clips compress quite a lot with the right zip program.
7-zip is about as good as it gets click here but you will need to make a self-extracting archive in *.exe format if your friend's archive program doesn't support the 7z format.
Windows\Help\Tour\Video\Nuski.wmv compressed from 491K to 196K using 7-zip. JPG or MPEG formats tend to compress very little.