From the Mozilla blog: Today, Mozilla announced a $100,000 grant to the Wikimedia Foundation to advance open video.  See comprehensive posts from Mike Shaver, VP of Engineering and Chris Blizzard, Director of Evangelism.  Excerpt from Mike’s post here:

We believe that Theora is the best path available today for truly open, truly free video on the internet. We also believe that it can be improved in video quality, in performance, and in quality of implementation, and Mozilla is proud to be supporting the development of Theora software with a $100,000 (USD) grant. Administered by the Wikimedia Foundation, this grant will be used to support development of improved Theora encoders and more powerful playback libraries.