Amazon, Cisco, Google, Intel, Microsoft, Mozilla, and Netflix, among others, have teamed up to build next-generation tools they collectively say will become available
royalty-free and open-source through the Alliance for Open Media. The initial project creates
a new, open royalty-free video codec specification based on the contributions from
members, along with specifications for media format, and content encryption and adaptive streaming.
Read the whole story at The Alliance For Open Media »