At the last meeting held in Kyoto, Japan, ISO/IEC MPEG (Moving Pictures Experts Group) and ITU-T VCEG (Visual Coding Experts Group) jointly issued the final call for proposals (here) for a new video coding technology, called HVC - High-performance Video Coding.
MPEG and VCEG established a Joint Collaborative Team (JCT) with the mandate to develop the new video coding technology by July 2012, achieving substantially greater bitrate reduction over MPEG-4 AVC High Profile, as specified in the document "Vision, Applications and Requirements for High-Performance Video Coding" (here).
The proposals will be evaluated during the 92nd MPEG meeting, to be held in Dresden, Germany, on April 2010.
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