ZDNet UK: BBC Launches Open-Source Video Technology

“The BBC didn’t make a particularly big show of its open-source
video compression project at LinuxWorld in London on Wednesday, but
if the codec lives up to expectations, it could soon be challenging
Windows Media Player.

“The codec, called Dirac (after physicist Paul Dirac), is still
in alpha but by the time it goes to beta in autumn 2005, say its
developers, there is a good chance that it will be as good, if not
better, than anything else out there…”

Complete Story