Neil Young Blames Record Label Greed For Pono Failure

(Radio.com) Neil Young opened up during a new interview about his much-discussed but short-lived his-res downloading service and accompanying player, Pono, and he put the blame squarely on the shoulders of the labels.

"The record labels killed it," Young told the L.A. Times. "They killed it by insisting on charging two to three times as much for the high-res files as for MP3s. Why would anybody pay three times as much?"

Young reflected on Pono while detailing his recently revealed online music archive, a one-stop shop for all things Neil Young, from studio recordings to rarities, movies, and more.

"It's my feeling that all music should cost the same," he added in regards to Pono. "The [hi-res] file doesn't cost any more to transfer. And today with streaming, you don't have the problem [of unauthorized file sharing]. Who wants to copy something if you can stream it? The record companies, by charging three times as much for hi-res music as they charge for regular music, they've killed hi-res music. It's the dumbest thing I've ever seen." Read more here.

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