An anonymous reader writes "Late last night, MulticoreWare released an early alpha build of the x265 library. x265 is intended to be the open source counterpart to the recently released HEVC/H.265 standard which was approved back in January, much in the same way that x264 is used for H.264 today. Tom's Hardware put x265 through a series of CPU benchmarks and then compared x265 to x264. While x265 is more taxing in terms of CPU utilization, it affords higher quality at any given bit rate, or the same quality at a lower bit rate than x264."
(Reader Dputiger writes points out a comparison at ExtremeTech