The Drupal media sprint is aimed at improving the media management contrib solutions for Drupal 8, and ideally laying the tracks for same to eventually be incorporated into Drupal core (perhaps for Drupal 9). Effort will involve both coding/development, and also figuring out the gameplan and roadmap for media in Drupal 8.
This sprint will be bringing together some of the brightest minds and leading contributors to media in Drupal, hopefully including including Janez Urevc (slashrsm) who presented at DrupalCon Prague and Nguyễn Hải Nam (jcisio), maintainer of Scald. We're also hoping to have Dave Reid and other key media and file entity contributors in attendance, and we'll update here as we hear back from potential attendees.
This sprint is part of a long term multi-year NYC initative where we are trying to build momentum around improving media handling in Drupal.