Techniques described herein are directed to the inline switching of video and/or audio codecs for video and/or audio data. A first device encodes data that includes portion(s) that are encoded using a first codec and portion(s) that are encoded using a second codec. The encoder may further encode supplemental information in the data. The supplemental information is used by the decoder to determine a transition between the first and second portion(s). The decoder can thus anticipate the transition and properly switch the codec used to decode the data in real-time. Techniques described herein are also directed to the splicing of locally-stored content into content received from a remotely-located source. For example, targeted advertisements that are stored locally may be played back during commercial breaks of live content. The locally-stored targeted advertisements may replace the commercials provided via the remotely-located source.