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."'"
I think I can save MPEG a lot of time. I've found a royalty-free container, a video codec and an audio codec we can all use:
http://www.webmproject.org/
So we won't find any videos of Charles, Camilla, William and Kate, Harry and the rest of the family in that format then