New H.265 twice as efficient as H.264!

[Richard Paul]

The perseus codec is real but the statements about it are probably nothing more than hot air. I have seen dozens of companies come out with video standards that were supposed to change the world but all that happened was that the companies sucked up millions of dollars and than vanished.

In my opinion the only video standards that have even a small chance of competing with HEVC would be VP9 (it can do good quality but requires a higher bit rate) and Daala (still under development and requires a higher bit rate). If the uncertainty about the HEVC patents gets bad I could see VP9 getting added as a fall back option. It is probably too late to do that with Ultra HD Blu-ray but I am sure that a lot of companies are worried that HEVC is going to end up with MPEG-2 level royalties.