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Introduction
First, for background, here is an overview of the most common video compression standard in use today, H264: https://www.maketecheasier.com/how-video-compression-works/
H265 has improved on this, but for various reasons, it was a bit of a flop. It is in use and will continue to grow, but royalty issues are a problem. To try and address these, 3 new video standards have been approved by MPEG: https://ottverse.com/vvc-evc-lcevc-mpeg-video-codecs/
A consortium of companies has also endorsed a royalty-free codec called AV1...
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