The document discusses the H.265/HEVC video coding standard. It provides an overview of HEVC version 1.0 and its extensions, including its coding efficiency compared to prior standards. Studies show HEVC achieves 50% bitrate reduction over H.264/AVC for the same subjective quality. For low delay applications, HEVC requires 48-73% fewer bits than VP9 or H.264/AVC encoders. While reference encoders are slow, real-time encoders have approached the coding efficiency of the reference within 1.5 years. Future extensions include higher color depths, multiview, and scalable coding.