Too Long; Didn't Read
Here at Mozilla, we’ve been hard at work on the new <a href="https://en.wikipedia.org/wiki/AOMedia_Video_1" target="_blank">AV1</a> video codec. AV1 aims to improve coding efficiency by 25% over HEVC (h.265) and VP9, and is developed by the <a href="http://aomedia.org/" target="_blank">Alliance of Open Media</a> of which Mozilla is a part of.