I found this interesting blog post thanks to Planet Debian:
http://robot101.net/2010/05/21/vp8-rumblings/
In a nutshell, it examines the news that Google, via WebM, has open sources a powerful video codec called VP8 from On2, and how that is affecting the MPEG people.
When is Hollywood going to figure out a new business model now that the world has gone flat?
