Zencoder
Zencoder is the creator of an open-source HTML5 video player, Video.js, built with Javascript, HTML, and CSS. Video.js plays video via native playback in all HTML5 browsers and devices, or through Adobe Flash when HTML5 playback is not available.
Adobe Flash
Representing open standards, inventor of CSS and co-author of HTML5, Håkon Wium Lie explained in a Google tech talk of 2007, entitled "the  element", the proposal of Theora as the format for HTML5 video:
I believe very strongly, that we need to agree on some kind of baseline video format if [the video element] is going to succeed. Flash is today the baseline format on the web. The problem with Flash is that it's not an open standard.