Implicit Neural Representations (INRs) offer exceptional fidelity for video compression by learning per-video optimized functions, but their adoption is crippled by impractically slow encoding times. Existing attempts to accelerate INR encoding often sacrifice reconstruction quality or crucial coordinate-level control essential for adaptive streaming and transcoding. We introduce SIEDD (Shared-Implicit Encoder with Discrete Decoders), a novel architecture that fundamentally accelerates INR encoding without these compromises. SIEDD first rapidly trains a shared, coordinate-based encoder on sparse anchor frames to efficiently capture global, low-frequency video features. This encoder is then frozen, enabling massively parallel training of lightweight, discrete decoders for individual frame groups, further expedited by aggressive coordinate-space sampling. This synergistic design delivers a remarkable 20-30X encoding speed-up over state-of-the-art INR codecs on HD and 4K benchmarks, while maintaining competitive reconstruction quality and compression ratios. Critically, SIEDD retains full coordinate-based control, enabling continuous resolution decoding and eliminating costly transcoding. Our approach significantly advances the practicality of high-fidelity neural video compression, demonstrating a scalable and efficient path towards real-world deployment. Our codebase is available at https://github.com/VikramRangarajan/SIEDD .