PCWORLD: Google Kills H.264 Support in Chrome, Wants To Keep Things Open

Your move Apple: Google announced that they are changing Chrome’s support of HTML5 <video> to be, in Google's view, more friendly towards open development. The H.264 codec is being removed in favor of the Theora and VP8 video codecs as well as any higher quality, open codecs. The resources that were used on H.264 will instead be used in supporting these open technologies.

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