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+The JPEG standards group announced today it will consider Microsoft's HD Photo format (also known as Windows Media Photo) as a possible successor to the JPEG standard. If the Microsoft format is approved, it will be renamed JPG XR.
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+Geared toward the digital photography market, Microsoft's HD Photo offers a number of advantages over the existing JPEG format, including lossless compression, support for embedded color profiles and the ability to manipulate the compressed data directly.
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+Another format, JPEG2000 is also under consideration, but Microsoft claims its format offers speed and size advantages over JPEG2000.
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+As part of the submission, Microsoft has also said it will release royalty free versions of all the patents required by HD Photo, should it be approved.
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+The JPEG standard committee will make its decision by the end October. Should it be approved HD Photo will probably be published as a completed standard within roughly a year.
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+[via [Ars Technica][1]]
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+[1]: http://arstechnica.com/news.ars/post/20070801-microsoft-hd-photo-considered-for-standardization-by-jpeg-committee.html
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