New technology squeezes 14 films on a CD

Nom Chompsky

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As a result, Euclid Discoveries says a full-length movie that requires 700 megabytes of storage when compressed using MPEG-4 would use just 50 megabytes when compressed with EuclidVision. At that size, 14 movies could fit on a standard CD-ROM disk. As for video downloading, it would take an hour for someone with a 1.5 megabit-per-second broadband connection to download a 700-megabyte file. But 50 megabytes would take less than five minutes.

http://www.boston.com/business/globe/articles/2006/04/10/firm_squeezes_films_into_a_download/
 
Only thing I can think is A: Holy cr@p or B: this is a fake.
 
It sounds quite plausible to me. But I am worried that there's going to be some premium on this encoding scheme. After all, this was not developed by the movie companies together, but by one company, and they will be looking to make money.
 
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