Google recently announced it was dropping support for the H.264 video codec from its Chrome HTML5 browser and supporting its own WebM open source codec. Google explained at the time that H.264 was not open source. They have released a further statement on the Chromium blog basically saying H.264 licenses cost money; Firefox and Opera don't support H.264 either; and big companies like Google are helping the little guy by championing this open alternative.
In the place of H.264, Google will be pushing its own video version named WebM, based on the VP8 codec. Google's version will be open source and free. They are currently working on a plug-in for Apple's Safari and Microsoft's IE9 browsers, neither of which include it out of the box.
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