tl;dr We were able to exploit the development of tech with patents for decades and now we won't any more.
I'm only happy about this. And I seriously doubt this conclusion: "There will simply be no incentive for a company to develop new video compression technologies".
It seems the author of this text thinks the only way to have an incentive to develop new technology is patent fees. This is outright ridiculous.
Companies like Google or Netflix obviously have an incentive to further improve media codecs, because transmitted gigabytes translates into costs for them.
I'm only happy about this. And I seriously doubt this conclusion: "There will simply be no incentive for a company to develop new video compression technologies".
It seems the author of this text thinks the only way to have an incentive to develop new technology is patent fees. This is outright ridiculous.
Companies like Google or Netflix obviously have an incentive to further improve media codecs, because transmitted gigabytes translates into costs for them.