Mozilla Hacks | Introducing AV1 and Open Video Codecs @mozhacks | Uploaded 6 years ago | Updated 1 day ago
AOMedia Video 1 (AV1), is an open, royalty-free video encoding format designed for video transmissions over the Internet - now officially released!

Nathan Egge and Michael Bebenita explain.
Slides: http://goo.gl/7TMxUX

This is a major milestone marking Mozilla's three years of effort as a founding member of the Alliance for Open Media, and a win for open source coalitions for non-proprietary codecs.