Since video hit the web, there has been a need for solutions for storage and sharing, to save space and time. As a result, there has always been a multitude of competing compression formats and containers. But with the wide-scale adoption of HTML5 on the horizon (the latest incarnation of the code that underlies the web), the stakes are high in determining which will be the go-to standard for the up-and-coming tag.

Read on to be in the know about the battle between the major players, their backers, their benefits, and their drawbacks.