Advances in Video Coding

A list of recent advances in video coding 

1. Distributed Coding : Wyner-Ziv coding where source statistics are exploited at the decoder allowing relatively lighter encoding phases. H.264 is used as an intraframe encoder and Wyner-Ziv frames are inserted in between intra-frames, where after integer transform of the frame, followed by LDPC coding of the transformed-data after which only parity bits are sent
2. Texture based methods 
3. Scalable coding: Temporal, Spatial, SNR: e.g. code "enhancement" layers as B frames with a hierarchical structure
4. Multi-view coding
5. ROI based coding: Region of interest. See this
6. Conditional Replenishment : See this

Ref[1]

Further, there are advances known for video streaming such as 

1. Adaptive bitrate coding: Encode the video with multiple bitrates and chunk it. 
2. Byte streams (instead of bitstreams)
3. Reduce Pre-roll time
4. Multi-source video streaming over WLANS. ref[2]