The H.265 standard High Efficiency Video Coding HEVC or MPEG-H Part 2 is the follow up to H.264/MPEG-4 Part 10 or AVC Advanced Video Coding standard for video compression. The new H.265 spec is being drafted by the Joint Collaborative Team on Video Coding and is expected to be standardized early in 2013. The H.265 HEVC upcoming video encoding standard could shrink the amount of bandwidth needed to upload and download high-quality video by nearly half. H.265 is expected to support next gen video delivery from the first day of its release including 320×240 to 4K 3840×2160 and 8K 7680×4320 pixels resolutions.
Check out this video from Qualcomm who are with the international standards group that is developing the H.265 video compression standard.
See Qualcomm for more on the new H.265 HEVC video compression standard.
Keep an eye on H265 for details on HEVC.