Theora

Theora is a free and open video compression format from the Xiph.org Foundation. Theora is a video codec, based on the VP3 codec donated by On2 Technologies.It can be used to distribute film and video online and on disc without the licensing and royalty fees or vendor lock-in associated with other formats. The quality of Theora-encoded video for a given bitrate is excellent. While there are some reasons to consider h.264 to be technically superior, the difference for web-quality video just isn't noticeable.

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HTML5 Video Codec Debate

HTML5 is new web standard that is gaining popularity and will add many new features to your web experience. The next version of HTML i.e HTML5 will include several new tags for embedding video, audio, and other graphical content(<video>, <audio>, etc). Recently youtube announced that it is now supporting its new HTML5 video. With new HTML5 video player you will not need Adobe flash player to view it, videos will load faster.

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