Video Codec H.265 Has Been Approved
 

The International Telecommunications Union has approved the video format known as H.265. The video codec will enable the transmission of high quality streaming utilizing low quality bandwidth. This should make HD streaming a reality for households where you don't have an ultra-fast Internet connection. Better yet, on mobile connections it'll be a godsend. Being able to stream HD or Full HD video over your mobile network in better quality, while using less bandwidth (and hence, data) will be great.

http://www.hardocp.com/news/2013/01/...been_approved/