H.266/VVC Codec Is Official, Will Succeed H.265/HEVC and Consume Half the Data for the Same Video Quality
https://wccftech.com/h-266-vvc-codec-official-succeed-h-265-hevc-consume-less-data-same-video-quality/
"Through a reduction of data requirements, H.266/VVC makes video transmission in mobile networks (where data capacity is limited) more efficient. For instance, the previous standard H.265/HEVC requires ca. 10 gigabytes of data to transmit a 90-min UHD video. With this new technology, only 5 gigabytes of data are required to achieve the same quality. Because H.266/VVC was developed with ultra-high-resolution video content in mind, the new standard is particularly beneficial when streaming 4K or 8K videos on a flat screen TV. Furthermore, H.266/VVC is ideal for all types of moving images: from high-resolution 360° video panoramas to screen sharing contents."
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