In the world of online video, there is a battle brewing over the next dominant standard for online video, especially on HTML5 Web pages. Today, Google took the gloves off and declared that it will soon stop supporting the H.264 video codec in its Chrome browser. Instead, it will only support open-source technologies such as its own WebM initiative (with its VP8 codec) and the open-source Theora video codec, which is used by Firefox. You could see this a mile away. Google announced the WebM project last May, along with other partners Mozilla and Opera (Apple, which relies on H.264 in its mission to squash Flash, was conspicuously absent). The H.264 codec is owned by the MPEG-LA consortium, and may in the future require a license. Although the consortium was pressured into promising that H.264 streaming would be free forever that is only for non-commercial Internet video.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/YgaxsGP2ZeQ/
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