In the ITU-T VCEG and ISO/IEC MPEG standardization world, the
Joint Video Experts Team (JVET) was formed in October 2017 to
develop a new video standard that has capabilities beyond
HEVC. The recently-concluded Call for Proposals attracted an
impressive number of 32 institutions from industry and
academia, with a combined 22 submissions. The new standard,
which will be called Versatile Video Coding (VVC), is expected
to be finalized by October 2020.
Can anyone with more industry knowledge chime in here? To me, that sounds a lot like the kind of group that created the patent- and royalty-encumbered stuff the AOM was created to avoid.
