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Multimedia applications involving the transmission of video over communication networks are rapidly increasing in popularity. Such applications can greatly benefit from adapting video coding parameters to network conditions as well as adapting network parameters to better support the application requirements. These two dimensions can both be viewed as allocating source and network resources to improve video quality. We highlight recent advances in optimal resource allocation for real-time video communications over unreliable and resource constrained communication channels. More specifically, we focus on point-to-point coding and delivery schemes in which the sequences are encoded on the fly. We present a high-level framework for resource-distortion optimization. The framework can be used for jointly considering factors across network layers, including source coding, channel resource allocation, and …