New Video Codec for High-Quality Video Service and Emerging Applications.

This paper proposes a novel video compression scheme for high-quality video service and emerging applications such as 360-degree omnidirectional and high dynamic range video coding. The coding framework supports hierarchical splitting of blocks with binary and ternary-split trees and flexible coding order representations. Moreover, minimal tool set to obtain high precision prediction and compression enhancement has been proposed. Compared to HEVC, bit-rate reduction of around 40% based on objective measures has been shown. This was one of the responses to the Call for Proposals (CfP) for VVC standardization.