Looks like we're going to get some more servers assigned to video transcoding for Wikimedia Commons, which means I'll have the CPU capacity to start migrating WebM output to the newer VP9 and Opus codecs -- this'll cut storage and bandwidth requirements of the transcodes by 40%.
How long it takes to re-encode the back catalog will depend on whether anybody wants to fight me for some existing machines from the old image scalers service that's being decommissioned, though. ;)
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