The high dynamic range imaging/video has become more prominent in the consumer electronic realm as the it allows the human to view a picture e or a video at a minimum eye adaption. The high dynamic ranging is capable enough to capture a full range light from the scene unlike the traditional methods that captures only 8-f-stops. Though the high dynamic range video are produced using more standard methodologies, it still needs continuous developments in the distribution phase. so the paper discourses the shortcomings in the present method of high dynamic range video coding and puts forth the novel method of two layered backward compatible video encoding methods accompanied by the Chroma subsampling and the luminance masking to improve the color accuracy and remove the nonvisible portion respectively of the video content. The performance measurement of the novel method HDR video encoding compression (N-HVEC) in term of mean opinion source, bit rate savings and he HDR-VQM metric is compared with the HDR10 and HDR-HLG
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