They are referencing NetVC, which is being pushed to be an open standard that combines the efforts of Daala, Thor, and the VP9/VP10 codecs. The encryption is being pushed by Netflix of course since they want to offer streaming without plugins and not pay royalty fees.

As for WebM, you should be able to watch it "as-is" in more software and hardware if this takes off. Even our boy, jxself, is behind Opus and VP9 and offers an upgraded version of VLC at https://jxself.org/vlc.shtml to help adoption. Having the Edge browser is a good thing as more and more Windows users are upgrading to Windows 10 and having an open format available on such a large platform is a major step forward. Even if Edge and Windows are non-free.

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