Google funds OGG Theora

"Grant goes toward development of ARM-optimized video codec

"Google announced via its open source blog Friday its commitment to an ARM optimized version of the OGG Theora video codec in an attempt to create a video standard for mobile devices.

""We need a baseline to work from –– one standard format that (if all else fails) everything can fall back to," said Robin Watts on the open source blog."

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