A transcoder resource retrieves content stored in a repository. The stored content can be encoded in accordance with a first encoding format. The transcoder resource transcodes the retrieved content into a second encoding format. To increase available capacity, the transcoder resource stores the content in the second encoding format as a replacement to the content encoded according to the first encoding format. The second encoding format can support a higher compression ratio than the first encoding format. Additionally, the transcoding can be performed as one of multiple tasks executed in parallel. In such an instance, during parallel processing, a content management resource interleaves execution of the main processing task and the background task of transcoding the content into the second encoding format. The transcoding task can be assigned a lower execution priority than one or more other tasks executed in parallel.