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AOMedia Video, also called AV1, from Alliance for Open Media
AOMedia Video, also called AV1, will be developed as a new open source video format. The Alliance’s main goal is to create and deliver a next-generation high-quality open video compression codec and format that is optimized for
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streaming media over the internet, for both commercial and non-commercial content, including user-generated content. AOMedia is planning for AV1 to be completed by March 2017. [Less]