I think one of the main reasons for BBC to changeover to HLS/HDS etc. technologies is that it would allow a single "format" to be used for video and audio and it has dynamic rate changing so that bit rate of video and audio streams can be changed frequently to the "best " rate that suits the connection quality. This has become very important with many more 3G/4G connections where data rate of connection can vary as user is mobile. Instead of current situation where user has a choice of to 3 fixed data rates and user has to decide which to play - too slow and quality suffers, too fast and possible stuttering.
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