Seven big-name Internet companies today announced formation of the Alliance for Open Media – an open-source project that will develop next-generation media formats, codecs and technologies in the public interest. The Alliance's founding members are Amazon, Cisco, Google, Intel Corporation, Microsoft, Mozilla and Netflix.
Reportedly, the group plans to publish its code under the Apache 2.0 license and it will operate under W3C patent rules, meaning the members will waive royalties from the codec implementations and their patents on the codec itself.
(Score: 2) by tempest on Tuesday September 01 2015, @10:40PM
Cisco does video conferencing, and I imagine their phone ecosystem could benefit from a next gen codec as well.