After having criticized what he calls "poorly compressed MP3" - Neil Young is set to release a new hi-fi audio service called Pono that should be out and about early next year.

"Pono starts at the source: artist-approved studio masters we've been given special access to," explains the musician in a post on his Facebook page. "Then we work with our brilliant partners at Meridian to unlock the richness of the artist's music to you. There is nothing like hearing this music - and we are working hard to make that experience available to all music lovers, soon."

According to Wired, Young has already secured remaster agreements with giants like Warner Music Group, Universal Music Group, and Sony Music. Pono will arrive in the form of an online music store that offers a tool that will convert digital audio files into analog-quality recordings; we'll find out if the consumers will have the money to afford it in 2014.