Linked by lemur2 on Wed 9th Mar 2011 00:18 UTC
Multimedia, AV The WebM project Blog has announced an update release of the VP8 Codec SDK codenamed the "Bali" release. The Bali release was focused on making the encoder faster while continuing to improve its video quality.
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MKV has well-defined support for subtitles.

There are numerous other problems with what you said, but I'll let someone more well-versed in the terminology debunk them.

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