H.264/MPEG-4 Part 10 or AVC (Advanced Video Coding) is a standard for video compression. The final drafting work on the first version of the standard was completed in May 2003. H.264/MPEG-4 AVC is a block-oriented motion-compensation-based codec standard developed by the ITU-T Video Coding Experts Group (VCEG) together with the ISO/IEC Moving Picture Experts Group (MPEG). It was the product of a partnership effort known as the Joint Video Team (JVT). The ITU-T H.264 standard and the ISO/IEC MPEG-4 AVC standard (formally, ISO/IEC 14496-10 - MPEG-4 Part 10, Advanced Video Coding) are jointly maintained so that they have identical technical content. H.264 is used in such applications as Blu-ray Disc, videos from YouTube and the iTunes Store, DVB broadcast, direct-broadcast satellite television service, cable television services, and real-time videoconferencing.