The moment that codec enthusiasts have been waiting years for: Netflix has sown the seed for streaming live 4K HDR encoded in AV1 at scale—thanks not to in-house R&D, but by recruiting the thoroughbred skills of a legacy broadcast vendor. By signing up Netflix, video compression company Ateme has secured the customer deal of a lifetime. The new streaming client is so significant that it could possibly put the French firm back on track to reach its ambitious 2027 revenue target. The ability to hit any financial milestone is mere speculation, as no financial details related to the agreement have been released by either Netflix or Ateme—and neither company responded to Faultline’s request for comment. We know only that Netflix…