In the IEEE Signal Processing Magazine issue November 2006 article “Future of Video Coding and Transmission” Prof. Edward Delp started by asking the panelists “Is video coding dead? Some feel that, with the higher coding efficiency of the H.264/MPEG-4 . . . perhaps there is not much more to do. I must admit that I have heard this compression is dead argument at least four times since I started working in image and video coding in 1976.”
REF: https://medium.com/netflix-techblog/the-end-of-video-coding-40cf10e711a2
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