The Boston Globe is running a piece about video compression that could have some profound ramifications for the film industry. A company by the name of Euclid Discoveries is claiming they have created a compression technique that can shrink a full length movie down to 50 MB. At 50 MB such movies could be downloaded within minutes up to 14 times faster than they can be today. This would make movie pirating even easier than it is today. This would make services like online movie stores much more likely to catch on. Portable media devices would be more useful.
If such a thing is truly possible, it will be truly incredible. However, the company isn't giving any previews of the technology to the public, as far as I can see. I would be cautiously optimistic about this one. --Terrence Ryan.