This looks neat, if it works:

A Concord company called Euclid Discoveries says it has invented a video-compression technology that could spawn a lucrative new market for Hollywood or a major new crisis.

The firm says its EuclidVision system can compress digital images to make them much smaller than today’s most common compression technologies, MPEG-2 and MPEG-4,which were created by the Motion Picture Experts Group. MPEG-2 is the compression system used on today’s DVD movie disks. MPEG-4 is a next-generation system that can reduce the size of a movie even further.

I say it will spawn both.

Read more here.

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