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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Has open source implementations of encoders and decoders.

This is not a "pro". Open source implementations of encoders and decoders simply ignore the fact that users in some countries require a license. It is left up to said users to get that license. People (especially in the US) could be caught unawares by this, and have to pay fines.

Source code is speech, which is supposedly free in "civilized" nations.

Binaries on the other hand...

-The audio, video, subtitling, and container specs is open and well documented

"Well documented" is true, "open" is not, because to be "open" requires that implementing the specification is royalty-free. This is not the case with H.264.

Only in Europe, which is also the only place your definition of libre makes sense.

Edited 2011-03-10 05:30 UTC

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