Last year, the Fraunhofer company in Germany demonstrated MP3 Surround, and even released an MP3 Surround portable player to go with it. Now a consortium of companies, including Fraunhofer, Agere Systems Inc., Coding Technologies GmbH, and Philips Applied Technologies, have taken the idea a step further with a new standard called MPEG Surround.
The technology, which adds the MPEG-4 Advanced Audio Codec (AAC) and MPEG-4 HE AAC (also known as aacPlus) to the list of supported codecs.
More...Credit: ars technica