• The BPG decoding library uses a modified version of FFmpeg released under the LGPL version 2.1 as HEVC decoder. The BPG decoding library excluding the FFmpeg code is released under the BSD license.
• The BPG encoder as a whole is released under the GPL version 2 license. The BPG encoder sources excluding x265 are released under the BSD license. The x265 library is released under the GPL version 2 license. The optional JCTVC HEVC reference encoder is released under the BSD license.
• Some of the HEVC algorithms may be protected by patents in some countries (read the FFmpeg Patent Mini-FAQ for more information). Most devices already include or will include hardware HEVC support, so we suggest to use it if patents are an issue.

Licenses free.
Licensecheck also show mix of BSD, MIT and LGPL code.

But what with codec patents? Is it acceptable in Fedora?