This means that codec development makes no sense for anyone who doesn't own either a large distribution platform or a large playback platform. (Much of the research has been done by middleware companies attempting to tax the two; their business goes from royalties to work-for-hire, at best, which is way less attractive for them).
This is fine – in a macroeconomic sense – but of course it sucks if you're one of the companies being disrupted.
This is fine – in a macroeconomic sense – but of course it sucks if you're one of the companies being disrupted.