Credit: Ryan Haines / Android AuthorityTL;DRAlliance for Open Media announced it will launch AV2 later this year, which should be a big upgrade for streaming video.The next-generation video codec is said to offer better compression, enhanced support for AR/VR applications, and will operate over a wider visual quality range.It’s expected that 88% of AOM members — which include brands like Samsung, Google, Microsoft, and Apple — will adopt AV2 within two years.The AV1 video codec is about to make a generational leap to AV2. While the launch of a new video codec isn’t usually all that important to most people, this upgrade may be one you’ll want to pay attention to. This update could be a big deal for streaming video on your favorite platforms and devices.The Alliance for Open Media (AOMedia) has announced that it expects to release AV2 before the end of the year. The organization promises big improvements compared to AV1. It also claims that 53% of AOMedia members plan to adopt the codec within 12 months, with 88% of members expecting to implement it within two years. Just for reference, Netflix, Samsung, Google, Apple, Microsoft, and Amazon are only some of the big names that are members of this organization.