Google has acquired ON2, a New York company which provides encoding software which allows videos to be compressed into Flash and other software formats. Here's a report on TechCrunch.
A couple years back, we interviewed former ON2 President Bill Joll about video encoding for the Web, consumer electronics and related topics. We have republished that interview today.
Update: Some good analysis by Liz Gannes at NewTeeVee
Andy Plesser, Managing Editor