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

Furiosa: A Mad Max Saga (Original Motion Picture Soundtrack) Music by Tom Holkenborg Available May 17th

First Single “Dementus Is Gaining” Available Now Album Art (For Media Use): DownloadLOS ANGELES--(BUSINESS WIRE)--WaterTower…

1 hour ago

Southwestern Energy Announces First Quarter 2024 Results

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced financial and operating results for the…

16 hours ago

HOMAGE Announces Ryan Reynolds’ Maximum Effort Investments as Lead Strategic Investor in Growth Capital Round

COLUMBUS, Ohio--(BUSINESS WIRE)--HOMAGE, Inc., a leading vintage-inspired sports and licensed apparel company, today announced a…

20 hours ago

The Indy Autonomous Challenge Returns to the Indianapolis Motor Speedway on September 6, 2024

INDIANAPOLIS--(BUSINESS WIRE)--The Indy Autonomous Challenge (IAC) will make a grand return to the Indianapolis Motor…

1 day ago

Quad introduces new creative agency: Betty

Named after the late Betty Quadracci, co-founder of Quad, the new creative agency will offer…

1 day ago

RSAC 2024: Genians NAC-Driven ZTNA Leads Zero Trust Security Journeys

SAN JOSE, Calif.--(BUSINESS WIRE)--#Authentification--Genians, a pioneer in Zero Trust Network Access (ZTNA) powered by industry-leading…

2 days ago