Market Commentary and Intraday News
UN group OKs new video format to save bandwidth
405 days ago
|This UNDERVALUED Energy Stock Could Soar 50% Or More - FREE REPORT|
I've found an energy stock that has massive potential in 2014. It's not a small-cap and it's not unknown, but it is an undervalued powerhouse. Fundamentals, technicals and sector strength all support this value play.
(AP:GENEVA) The U.N. telecommunications agency says its members have agreed upon a new compression format that could dramatically cut the amount of Internet bandwidth currently used by video files.
The International Telecommunication Union says the format, or codec, known as H.265 would require just half the amount of data needed by its predecessor, H.264.
The Geneva-based agency says videos encoded using the H.264 format _ which is favored by devices such as Apple's iPad _ currently account for two-fifths of web traffic.
ITU said in a statement late Friday the new H.265 codec could pave the way for "the next wave of innovation," such as faster movie downloads and higher-quality video streaming.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.