Seven technology companies announced on Tuesday a new alliance to develop next-generation media formats, codecs and technologies to meet demand for better video, audio, imagery and streaming quality across all platforms and devices. Alliance for Open Media, formed by Amazon.com Inc., Cisco Systems Inc., Google Inc., Intel Corp., Microsoft Corp., Mozilla Corp., and Netflix Inc., said in a press release that contributions from its members will include the creation of new, open royalty-free video codec and binding specifications for media formats, content encryption and adaptive streaming....