MPEG-5 Essential Video Coding Standard is currently being prepared as the video coding standard of ISO/IEC Moving Picture Experts Group. The main goal of the EVC standard development is to provide a significantly improved compression capability over existing video coding standards with timely publication of availability terms. This paper provides an overview of the feature and the characteristics of the MPEG-5 EVC standard

https://www.spiedigitallibrary.org/conference-proceedings-of-spie/11137/2530429/MPEG-5-essential-video-coding-standard/10.1117/12.2530429.full?SSO=1