"A key factor in the web's success is that its core technologies
such as HTML, HTTP, TCP/IP, etc. are open and freely implementable.
Though video is also now core to the web experience, there is
unfortunately no open and free video format that is on par with the
leading commercial choices. To that end, we are excited to
introduce WebM, a broadly-backed community effort to develop a
world-class media format for the open web.
* VP8, a high-quality video codec we are releasing today under a
BSD-style, royalty-free license
* Vorbis, an already open source and broadly implemented audio
* a container format based on a subset of the Matroska media
"The team that created VP8 have been pioneers in video codec
development for over a decade. VP8 delivers high quality video
while efficiently adapting to the varying processing and bandwidth
conditions found on today's broad range of web-connected devices.
VP8's efficient bandwidth usage will mean lower serving costs for
content publishers and high quality video for end-users."