Bloomberg has joined the Alliance for Open Media (AOMedia), where it will collaborate with other media technology companies to advance open standards for media compression and delivery over the internet.
AOMedia is behind AV1, a next-gen, royalty-free codec that claims to have a 30 per cent bit-rate efficiency edge over current technologies such as VP9 and HEVC.
Bloomberg joins the likes of Amazon, Apple, Bitmovin, Google, Netflix, Nvidia and Synamedia who are all members of the organisation.
“Bloomberg is committed to building high quality, dependable, secure, and compliant real-time communication solutions for the global financial community,” said Dhananjay Deshpande, head of Bloomberg’s Real-Time Communication Engineering group.
“We look forward to collaborating with AOMedia in adopting and shaping the next generation of royalty-free audio and video codecs in order to both enhance end-users’ experience and to optimise costs.”
“We’re excited to welcome Bloomberg to AOMedia, reflecting our joint commitment to improve open media in new and cutting-edge ways,” said Matt Frost, AOMedia Chair. “We look forward to collaborating with Bloomberg in our goal to develop open web media experiences and accelerate the delivery of open web media standards.”
