The organization Xiph.Org on Monday
introduced the official release of the free and free video codec
Theora 1.0 , which has long been prophesied as an alternative to proprietary formats and which is
supported in Firefox 3.1 (via the “video” tag provided by the HTML5 standard). The new version of Opera will also support this format.
Like the related audio codec Vorbis, the Theoraora video codec supports any quality and level of compression (from the size of a postage stamp to HD video), and at low bitrates it looks decent compared to its competitors. Of course, it can be used without any licensing fees and royalties, while the technology is completely open to all developers and thoroughly documented (190 pages of format specifications).
The existence of a free format is a critical element in order to guarantee the ability to freely create and share video files now and in the future. You can recode movies to Theora format using the
ffmpeg2theora tool. And the developers have already started working on the next version of the Theora 1.1 codec.