Tech companies have made their hatred of closed video formats very clear, especially the kind that require the companies to pay royalties to patent holders. That’s why many of these companies have developed their own video formats, but that doesn’t really solve the problem, it just creates a new one by fracturing the market. That’s why some of the biggest names in the tech world have joined forces to form the Alliance for Open Media, a new coalition that aims to develop the next generation of free video codecs, formats, and other related technologies.