Ogg Theora
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= open source patent unencumbered video codec
Description
From the Wikipedia:
"Theora is an open and royalty-free lossy video compression technology being developed by the Xiph.Org Foundation as part of their Ogg project. Based upon On2 Technologies' VP3 codec, Theora is targeted at competing with MPEG-4, WMV, and similar low-bitrate video compression schemes.
Theora is named for Theora Jones, Edison Carter's Controller on the Max Headroom television program." (http://en.wikipedia.org/wiki/Theora)