On2 to release open-source version of software

Co. not licensing revenue source, VP4

New York-based video-compression provider On2 Technologies said it will release an open-source version of its video-compression codec, which is software used to compress large video files into smaller ones so they can be sent over the Web, wireless devices, set-top boxes and gaming devices. On2 is betting the open-source version will help the company to market its technologies and appeal to developers, especially because alternatives, including RealNetworks and Microsoft’s codec, still remain proprietary. Company is releasing VP3.2, an earlier version of its video-compression technology, into the open-source community so that “the industry can use it to move the overall state of streaming forward,” according to Douglas McIntyre, CEO of On2. Company said it decided not to license VP4 because the technology is where it makes most of its money. “That’s something we wanted to keep for ourselves,” McIntyre said. “That’s the source for most of our revenue.”

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