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Sorry for nitpicking, but I don't think we should compare a container format (WebM) with a video compression format (H.264 or VP8). A container format isn't very likely to have hardware acceleration.

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WebM isn't a container format. It's a standard which specifies MKV (container) + VP8 (video codec) + Vorbis (audio codec).

WebM always contains VP8 video though, otherwise it is a Matroska file.

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