The Moving Picture Experts Group (MPEG) has met to issue a draft international standard of a new video-compression format that is twice as efficient as current standards.

The meeting, held in Stockholm July 16-20, gathered almost 450 people from 26 countries representing the telecoms, computer, TV and consumer electronics industries to approve and issue a draft standard for High Efficiency Video Coding (HEVC). This format will enable compression levels roughly twice as high as the current H.264/AVC standard.

via Ericsson News