Digital Media Net - Your Gateway To Digital media Creation. News and information on Digital Video, VR, Animation, Visual Effects, Mac Based media. Post Production, CAD, Sound and Music
Categories: NewsVideo

Alliance for Open Media Welcomes the European Commission’s Decision to End Its Preliminary Investigation of the AOM Royalty-Free Licensing Policy

WAKEFIELD, Mass.–(BUSINESS WIRE)–The Alliance for Open Media (AOMedia) welcomes the news that the European Commission has today closed its preliminary review of AOMedia’s royalty-free licensing policy without further action.

AOMedia is a leading developer of open, royalty-free media technologies and develops standards spanning video, audio, still images, and immersive technologies. AOMedia and its members are fully committed to maintaining a thriving, competitive and open internet, which enables innovation and the launch of new products and services and continues to reduce prices for consumers.

Royalty-free licensing forms a foundational element for technological standards and the open internet, fostering innovation, choice and competition in the interests of businesses and consumers in the European Union and worldwide.

This is why AOMedia’s members developed and offer the AV1 video standard royalty-free to implementers. AV1 is deployed across a variety of popular platforms and devices. It enables high-quality video while at the same time reducing streaming and storage costs. It competes in a robust market for video codecs, offering consumers choice, and reducing costs and barriers to entry for implementers, including start-ups. This is important as the internet moves increasingly to video rather than text, and as consumers and businesses increasingly look for faster speeds and better definition.

As an emerging global standard for video, AV1 is making video content more accessible and affordable, across all platforms. We look forward to continuing to work with standard-setting bodies and other regulatory stakeholders in Europe, offering additional information to them about the benefits of AOMedia codecs and our approach to licensing.

About the Alliance for Open Media

Launched in 2015, the Alliance for Open Media (AOMedia) was formed to define and develop technologies to address marketplace demand for open standards for media compression and delivery. Board-level, Founding Members include Amazon, Apple, Cisco, Google, Huawei, Intel, Meta, Microsoft, Mozilla, Netflix, NVIDIA, Samsung Electronics and Tencent. AOMedia’s open-source, royalty-free video codec AV1 is a significant milestone in the ability to deliver a next-generation video format that is interoperable, open, optimized for internet delivery and scalable to any modern device at any bandwidth. Visit www.aomedia.org or follow AOMedia on LinkedIn and Twitter at @a4omedia.

Contacts

Alexa Stewart

AOMedia Public Relations

Tel: +1 781.876.6242

Email: astewart@virtualinc.com

Staff

Recent Posts

Wondershare Unveils SelfyzAI 3.0: New AI Features Enhance Image Editing Experience

VANCOUVER, BC, Nov. 4, 2024 /PRNewswire/ -- In October 2024, Wondershare proudly launched SelfyzAI 3.0,…

5 hours ago

Monomoy Acquires Oliver’s Food Packaging and Equipment Business

The acquisition marks 20 corporate carve-outs, including ten platform investments, all supported by Monomoy’s deep…

19 hours ago

MoonFox Analysis | Chinese A-share Companies’ Global Revenue Journey: Expected to Reach US $1.4 Trillion

SHENZHEN, China, Nov. 4, 2024 /PRNewswire/ -- Since the Reform and Opening-up in China, global…

19 hours ago

TECNO’s #ToneProud Campaign Aspires to End Skin Tone Bias in Imaging Technology to Represent Full Human Diversity

JAKARTA, Indonesia, Nov. 3, 2024 /PRNewswire/ -- In a world where technology and AI shapes…

19 hours ago

BLUE LOCK UNVEILS NEWEST KEY VISUAL AHEAD OF SEASON 2 CLIMACTIC MATCH

NEW PROMOTIONAL VIDEOS AND TEASER BUILDS EXCITEMENT AS THE BATTLE FOR BLUE LOCKS SURVIVAL BEGINS…

2 days ago

WiMi is Working on a Blockchain-Enhanced Federal Learning Privacy-Preserving Mechanism

BEIJING, Nov. 1, 2024 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the…

3 days ago