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[edit] 2.49 Release

Blender now supports the new high quality JPEG format. It has much better compression, supports Alpha layers, and HDR color up to 16 bits per channel.

JPEG2000 support is available in Blender everywhere, including Sequencer, Compositor and UV texture editor.

JPEG_2000 wikipedia page

Retrieved from "http://wiki.blender.org/index.php/Dev:Ref/Release_Notes/Vitals/File_operations/Formats/JPEG2000"