According to Reuters the new format was developed by the South Korean company Audizen, the MT9 format -- commercially known as Music 2.0 -- splits an audio file into six channels, such as vocals, guitar, bass and so on. Users playing the track can then raise or lower the volume on the different channels like a producer on a mixing board, to the point of isolating a single item.
According to the Korea Times, its inventors say the new format will replace MP3 as the standard for all digital music. But certain music industry realities stand in the way of their goal.
From a technical perspective, replacing MP3 with a new digital music standard would be rather easy. Digital retailers in a matter of months could refresh their entire database with music containing the new format -- just as Napster and Wal-Mart quickly switched from digital rights management to non-DRM formats.
But to do so, these retailers would need their label partners to provide them with music encoded in the new format, meaning that all the major labels and the host of independents would need to one day agree to start using a new technology to sell their music.