Neil Young To Launch High-Def Music Format Pono Next Year

Neil Young will launch Pono, a new digital music service based on a high-definition audio format, early next year. Young, who made the announcement in a Facebook post, elaborated on the process behind Pono:

"Pono starts at the source: artist-approved studio masters we've been given special access to. Then we work with our brilliant partners at Meridian to unlock the richness of the artist's music to you," he began.

"There is nothing like hearing this music -- and we are working hard to make that experience available to all music lovers, soon."

Young added that a Pono portable music player will be released in the future.

Also, according to Wired, Young has already secured remaster agreements with the "big three" music labels: Warner Music Group, Universal Music Group, and Sony Music.

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