Dirac: BBC Open Source Video Codec

NickFitz writes "Need To Know this week has a piece about Dirac, a BBC R&D project to produce a video codec, which has been released as an Open Source project. From BBCi: 'Dirac is a general-purpose video codec aimed at resolutions from QCIF (180x144) to HDTV (1920x1080) progressive or interlaced... Our algorithm seems to give a two-fold reduction in bit rate over MPEG-2 for high definition video (e.g. 1920x1080 pixels), its original target application. It has been further developed to optimise it for internet streaming resolutions.'"