The world's largest electronics firms are reported to have opted to use Bluetooth wireless technology to send video between devices in the home.
More than 500m devices currently contain Bluetooth technology
The Bluetooth Special Interest Group and WiMedia Alliance say they will use the short-range radio system to link TVs, video players and computers.
The groups say they will work together to use Bluetooth systems 100 times faster than current devices by 2008.
The two groups' members include Microsoft, Nokia and Intel.
A Bluetooth Special Interest Group statement said the new version of Bluetooth would meet "the high-speed demands of synchronising and transferring large amounts of data".
Bluetooth is currently mostly used to link mobile phones to separate devices like headsets or microphones.
The new version of Bluetooth will enable connections of 100 megabits per second, compared with transfer speeds of less than one megabit per second on current phones.
Speeds of at least 10 megabits per second are needed to send high quality video and television between devices.