This paper presents the argument for the development of an Internet video compression standard. The history and
science of video compression is reviewed with a focus on identifying how network technology has influenced video
compression technology. It is argued that the use of the Internet to deliver video content, an application it was not
designed for, and the fact that the Internet is here to stay, calls for a critical look at existing video compression standards.
An analysis of the performance of these standards in delivering content over the Internet is provided with an explanation
of why these standards have shortcomings in this application domain. Because of this, it is argued, video compression
technology for the Internet will need to be different to what is used in other application domains. The paper further
presents a discussion on what the technical characteristics of video compression technology would need to be for it to
deliver high quality video over the Internet in an interoperable manner, thereby concluding that a new video compression
standard is needed.