In short, you got 160x100 video at 12 fps. It was uncompressed data, because the system was too slow to decompress in realtime. So the Amiga really wasn't powerful enough for 'conventional' codecs to begin with. Especially 9 Fingers gets pretty detailed video at the full resolution and certainly more than 12 fps. And the whole thing fits on just two floppies, so the storage is quite efficient as well. Imagine what you could do with a CD-ROM.
The successor to the CDTV, the CD32, got a hardware MPEG decoder, despite having a much faster CPU and chipset than the original Amiga the CDTV was based on.