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."'"
But WebM looks no better than MPEG2. So I think I'll pass, just as I have no plans to switch from Bluray to HD-DVD. I prefer upgrades, not lateral shifts.
Information wants to be expensive AND wants to be free. So you have Value vs. Cheap distribution fighting each other.