Macromedia plans to unveil its Flash 8 software early next month with an emphasis on video capabilities that some think could up-end the Web video market.

Macromedia is expected to announce the latest version of its signature Flash software Aug. 8, or 8/8, and release the software a few weeks later, said a source familiar with the company’s plans. Macromedia, whose shareholders will vote on a proposed acquisition by Adobe Systems on Aug. 24, released the Flash 8 public beta, a test version, earlier this month.

Source: News.com