Some of the big players in music have got together to … change the world? Included are Madonna, Deadmau5, Jay-Z, Kanye, Jack White, and a wealth (pun intended) of others. They want to stream lossless (very high-quality) audio across all devices, and give (and inherently get for themselves) more money for the artists. Progression or regression? You can decide for yourself.
And maybe this will take over. But I’m not buying in. I believe in free music. I believe the internet has changed everything about the industry. I believe in torrents and free access to media as a means of promotion. I believe smart people will find ways to make money in the new system. I believe this new platform is archaic.