The document discusses the H.264 video compression standard. It provides vast quality and compression improvements over previous standards like MPEG2 and MPEG4 by using 5 times less storage and almost half the bandwidth. H.264 is an open standard supported by hundreds of companies and standards groups to ensure continued development and adoption across industries like DVD, Blu-ray, broadcasting, and mobile networks. It allows for high definition video streaming over networks in the most efficient manner.