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The MPEG-2 patents expired earlier this year; are H.264 patents expiring very soon, or do they just want to bring in more royalties by putting out H.265 and already working on what comes after it?

Of course they want this. This is how they make money - by developing novel video specifications, usually highly competent ones (H.264 was so much better than WMV9 it was silly, and Thora came much later). H.265 isn't quite as good as VP10 in picture quality, so they're developing a new format to fight for marketshare.

Ends in 2027 / 2028. So quite a long time to go still.

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