Check out the following article about how rocker Neil Young is working on a new digital format for music recordings. Young has applied for patents for a new music system. A subsequent press release from Penguin Imprint Blue Rider Press further explains that Young is creating a system called Pono, a cloud-based library of recordings that consumers could use to hear studio quality recordings from a variety of artists. This would ba an affordable alternative to MP3s.
Always pushing the envelope Mr Young. I salute you:
Neil Young Invents New Studio-Quality Digital Audio Format? – Ology