The document discusses two emerging media standards: MPEG Point Cloud Compression and Network Based Media Processing, focusing on their applications in immersive environments like AR/VR and tele-presence. Key topics include point cloud data representation challenges, quality metrics, and collaborations within the MPEG framework to enhance media delivery via edge converged 5G architectures. The document outlines technical specifications, expected timelines for standard adoption, and highlights the participation of major industry players in development and testing.