High Efficiency Video Coding (HEVC) or H.265 is the current joint video coding standardization project of ITU-T Video Coding Experts Group (ITU-T Q.6/SG 16) and ISO/IEC Moving Picture Experts Group (ISO/IEC JTC 1/SC 29/WG 11). It will further reduce by 50% the data rate needed for high quality video coding, as compared to H.264.
The 7th JCT-VC meeting (HEVC meeting) in Geneva produced three particularly important output documents: the HEVC Test Model 5 (HM5), the HEVC specification Working Draft 5 (WD5), and a document specifying common conditions and software reference configurations for HEVC coding experiments.
The meeting documents can be seen at the JCT-VC Document Register. The HEVC or H.265 Test Model 5 (HM5) is in the svn_HEVCSoftware website. More progress regarding to HEVC or H.265 may refer to the JCT-VC website.
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