Amazon, Cisco, Google, Intel, Microsoft, Mozilla, and Netflix partner to build open media formats

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Each of the seven companies will contribute technology (royalty free) and expertise to support high-quality video, audio, imagery, and streaming across all types of devices. For example, Cisco will share technology relating to its new video codec Thor, Google will share details surrounding VP10, and Mozilla will offer up Daala. – Emil Protalinski, VentureBeat
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