At the close of a challenging year, AOMedia continues to share success stories, starting with our members' presentation at IBC 2020. AOMedia members Amazon, Facebook, Google, Intel, Netflix, and Tencent presented on the commercial readiness and benefits of AV1 now being deployed across their video on demand and live streaming services. The remote conference itself highlighted the importance of video conferencing applications and the codecs required to power them. Streaming media technologies depend on effective compression, and also known cost structures, including clear royalty terms. An understated benefit of AV1 is that the royalty-free, open source, licensing terms remove cost uncertainty for the companies and services developing the modern web.
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