After several years of research, Fraunhofer HHI has announced that the Versatile Video Codec (H.266/VVC) standard has been finilized. This was done with the help of several high profile partners: Apple, Ericsson, Intel, Huawei, Microsoft, Qualcomm and Sony. H.266 promises to cut file sizes in half (same for bandwidth requirements for streaming) while maintaining the same visual quality as H.265/HEVC. That’s a massive improvement – keep in mind that something like 80% of all Internet traffic is streaming video. The new codec can handle anything from SD to 8K as well as 360° videos, all...
Source: https://www.gsmarena.com/versatile_video_codec_h266_finalized_will_produce_50_smaller_files_than_hevc_h265-news-44126.php
