With a planned release in late 2025, we now have new details on the AV2 video codec's efficiency and capabilities, as outlined by AOMedia member Netflix. The presentation on AV2 was delivered by Andrey Norkin, Research Scientist at Netflix and contributor to the Alliance for Open Media. He credited colleagues from Apple, Google, Meta and Tencent for their contributions. The next-gen AV2 video codec – the successor to AV1 – has been in development for five years, according to Norkin.