My article from WSR on video basics (resolution, sample size, etc): Video Basics (resolution, sample, size, encoding).
Advantages of advanced/new compressions schemes:
"HDTV Subjective Quality of H.264 vs. MPEG-2, with and without Packet Loss": http://www.its.bldrdoc.gov/pub/n3/video/ieee_10.pdf
My own article from WSR on history of different compression standards: History of Video Compression standards such as MPEG-2, MPEG-4 and VC-1
The White Paper: Considerations for Choosing White Point Chromaticity for Digital Cinema