News: Google goes WebM way, plans dropping H.264 support

Google announced the launch of WebM (VP8) Project last year and it was meant to be an open web media project. The mission of this project was to develop high-quality, open video format for the web that is freely available to everyone. The WebM (VP8) Codec has been accepted and adopted by Mozilla, Opera, Google and hence in Chromium project also and it has also been adopted by some of the popular software media players like VLC and Winamp among others.