Advanced Television

Bloomber joins AOMedia

November 13, 2024

Alliance for Open Media (AOMedia) announced that Bloomberg has joined the Alliance. As a member of AOMedia, Bloomberg will collaborate with other internet and media technology member companies to advance open standards for media compression and delivery over the web.

AOMedia and its members are committed to maintaining a thriving, competitive and open internet, which enables innovation and the launch of new products and services and continues to reduce prices for consumers.

As an ‘open source first’ company, Bloomberg is an active adopter and contributor to open source and a strong advocate for open standards, which help accelerate the company’s product innovation. Joining AOMedia will allow the company to influence, evaluate, and adopt the next generation of audio and video standards in Real Time Communication and beyond.

“Bloomberg is committed to building high quality, dependable, secure, and compliant real-time communication solutions for the global financial community,” said Dhananjay Deshpande, Head of Bloomberg’s Real-Time Communication Engineering group. “We look forward to collaborating with AOMedia in adopting and shaping the next generation of royalty-free audio and video codecs in order to both enhance end-users’ experience and to optimise costs.”

As AV1-enabled video becomes increasingly integral to daily life—whether through streaming services, virtual classrooms, mobile video apps, or chat platforms—AV1 continues to deliver high-quality video while reducing streaming and storage costs. Competing in a dynamic market for video codecs, AV1 offers consumers more choices and lowers costs and entry barriers for implementers, including start-ups.

“We’re excited to welcome Bloomberg to AOMedia, reflecting our joint commitment to improve open media in new and cutting-edge ways,” said Matt Frost, AOMedia Chair. “We look forward to collaborating with Bloomberg in our goal to develop open web media experiences and accelerate the delivery of open web media standards.”

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