Goodbye MPEG group, and to be frank, good riddance I think. I'm glad that open codecs are now taking over on the frontier of SOTA encoding.

Maybe these sorts of handshake agreements and industry collaboration were necessary to get things rolling in 198x. If so, then I thank the MPEG group for starting that work. But by 2005 or so when DivX and XviD and h264 were heating up, it was time to move beyond that model towards open interoperability.