WebM is Google's project for freeing Web video from royalty constraints; the WebM technology at present combines VP8 with the Vorbis audio codec. Google unveiled WebM three years ago at the Google I/O show, but VP8 remains a relative rarity compared ...
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http://www.google.com/url?sa=X&q=http://news.cnet.com/8301-1023_3-57584018-93/googles-vp9-video-codec-nearly-done-youtube-will-use-it/&ct=ga&cad=CAcQARgAIAAoATAAOABA65C6jAVIAlAAWABiBWVuLVVT&cd=mc4cNHCFRrE&usg=AFQjCNEG6L1oW-CVFck_a0GrJi97n4lpEg
Google's VP9 video codec nearly done; YouTube will use it
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