An object of the present invention is to provide a high-quality biaxially oriented film exhibiting an excellent electromagnetic conversion property, traveling durability, magnetic head traveling performance, etc. as a magnetic recording medium. The object of the present invention is achieved by a biaxially oriented film including a polymer alloy composed of polyester (polymer 1) and a thermoplastic resin (polymer 2) other than the polyester as essential components, wherein micro protrusions having a height of 2 to 50 nm are formed at a density of 1,000,000 to 90,000,000/mm² on at least one surface.