MPEG Continues With Royalty-free MPEG Video Codec Plans
yuhong writes "From the press release: 'In recognition of the growing importance that the Internet plays in the generation and consumption of video content, MPEG intends to develop a new video compression standard in line with the expected usage models of the Internet. The new standard is intended to achieve substantially better compression performance than that offered by MPEG-2 and possibly comparable to that offered by the AVC Baseline Profile. MPEG will issue a call for proposals on video compression technology at the end of its upcoming meeting in March 2011 that is expected to lead to a standard falling under ISO/IEC "Type-1 licensing", i.e. intended to be "royalty free."'"
Better than Mpeg 2 they say? Well I should hope so. And AVC Baseline isn't great. They're clearly making some crap/free encoder so that they can start charging more $$$ for their good ones. The only issue for them is that Google/Xiph have good ones that will always be free. If MPEG tries to force this new standard people will move to VC8 which has been around for some time.