rather than the single biggest threat to their protection racket? That's not true at all. VP8 is a web codec for free web streaming and that's free with H.264.

rather than the single biggest threat to their protection racket? That's not true at all. VP8 is a web codec for free web streaming and that's free with H.264. MPEG-LA makes their money from volume sales like Blu-Ray Discs or Set-top-Boxes which aren't going to move to VP8 any time soon.