Of course, this is not a not a complete solution. In a perfect world, codecs, like other basic Internet technologies such as TCP/IP, HTTP, and HTML, would be fully open and free for anyone to modify, recompile, and redistribute without license agreements or fees. Mozilla is fully committed to working towards that better future. To that end, we are developing Daala, a fully open next generation codec. Daala is still under development, but our goal is to leapfrog H.265 and VP9, building a codec that will be both higher-quality and free of encumberances."
Link to Cisco's announcement: http://blogs.cisco.com/collaboration/open-source-h-264-removes-barriers-webrtc
Link to Original Source