Fraunhofer-GesellschaftVersatile Video Coding (VVC or H.266) is the most recent international standard for today’s and tomorrow’s video compression challenges and media needs. VVC targets a 50% bit-rate reduction beyond its predecessor, the High Efficiency Video Coding (HEVC) standard. At IBC 2020, Fraunhofer HHI will showcase subjectively optimized and fast VVC encoding with significant bit-rate reductions over HEVC for content ranging from standard High Definition (HD) to High Dynamic Range Ultra-HD content. Additionally, Fraunhofer HHI will be presenting the current version of its live software decoder for the new VVC standard.