http://www.technologyreview.com/web/25361/?ref=rss&a=f


.................The software, free for anyone to use or modify, may not sound particularly special. Called VP8, it is a video codec-- software used to compress video for transfer online and decompress it for playback at the other end. Google acquired VP8 in February, when it bought a small New York company called On2. However, this seemingly humble piece of code is being promoted by Google and a consortium of major software and hardware vendors as a crucial tool that will bring about a new wave of online innovation. Google combined VP8 with an existing open-source audio codec, called Vorbis, to create a new free video format called WebM.....................
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