Google, Microsoft Create Alliance for Open Media
The founding members are Amazon, Cisco, Google, Intel Corporation, Microsoft, Mozilla and Netflix. The goal is to "create a new, open royalty-free video codec specification based on the contributions of members, along with binding specifications for media format, content encryption and adaptive streaming." The word open is used many times in the announcement, but only once with source. Is "open" the same thing as "open source?" Roy Schestowitz at Tuxmachines.org doesn't think so. He organized the news of the AOM under the title "OpenWashing (Fake FOSS)."
Also: Comments on the Alliance for Open Media, or, "Oh Man, What a Day"
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