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Re:Mozilla gives a $100K grant towards an open video format ... by shutter on Monday January 26, 2009 @07:08PM (#451329)
YouTube uses a Flash embed to stream videos from their servers. It's their own proprietary player SWF, but anyone could theoretically create something similar. Flash (the software) contains built-in templates for such a thing.

But this requires the Flash plugin, hence the desire for a <video> element and such (as we'll see in HTML5).

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