Google announces that the company has acquired Green Parrot Pictures.  Not telling much, but Google is frank about its motive of acquiring this company.  Google is after the technology that this company brings.  Apparently, Green Parrot Pictures knows how to improve low quality videos into good looking videos.  Google hopes with this newly acquisition, YouTube’s low quality videos can display better pictures.  Furthermore, users who are worrying about bandwidth usage can be less worried about uploading low quality videos to YouTube.  Green Parrot Pictures was founded by Associate Professor Anil Kokaram at the Engineering School of Trinity College in Dublin, Ireland.

Source:  http://youtube-global.blogspot.com/2011/03/steady-as-she-goes-better-video.html