用生成式隐空间压缩视频，解决模糊闪烁问题。

Perceptual optimization is widely recognized as essential for neural compression, yet balancing the rate-distortion-perception tradeoff remains challenging. This difficulty is especially pronounced in video compression, where frame-wise quality fluctuations often cause perceptually optimized neural video codecs to suffer from flickering artifacts. In this paper, inspired by the success of latent generative models, we present Generative Latent Video Compression (GLVC), an effective framework for perceptual video compression. GLVC employs a pretrained continuous tokenizer to project video frames into a perceptually aligned latent space, thereby offloading perceptual constraints from the rate-distortion optimization. We redesign the codec architecture explicitly for the latent domain, drawing on extensive insights from prior neural video codecs, and further equip it with innovations such as unified intra/inter coding and a recurrent memory mechanism. Experimental results across multiple benchmarks show that GLVC achieves state-of-the-art performance in terms of DISTS and LPIPS metrics. Notably, our user study confirms GLVC rivals the latest neural video codecs at nearly half their rate while maintaining stable temporal coherence, marking a step toward practical perceptual video compression.