Significant progress has been made recently towards the next generation video coding standard by the Joint Collaborative Team on Video Coding (JCT-VC) of ISO/IEC Moving Picture Experts Group (MPEG) and ITU-T Video Coding Experts Group (VCEG). The test model, known as High Efficiency Video Coding (HEVC), aims to achieve 50% coding gain over the current MPEG4/H.264 AVC standard. Recently reported...