Intell is both right and wrong.
Wrong in that audio CDs are at 320 Kbps. The number is actually closer to 1,411.
Right in that the music itself has often been run through an audio compressor during the mastering phase to create a steady volume (at cost of dynamic range), and resampled from whatever frequency/bit depth is used at the studio. Music studios these days often use 24-bit or even 32-bit sound tracks recorded at 96 KHz sample rate or higher. Resampling from 24-bit to 16-bit would remove some of the audio data, as would resampling from 96 kHz to 44.1 kHz sample rate. This can be thought of in broad terms as a form of lossy compression (discarding of data to fit into a particular data size/bitrate).
On top of that, music studio projects are multitrack; the final output we hear is usually a single stereo track.
There is currently no widely-available audio file format that depicts what engineers and producers heard in the studio. DVD Audio and SACD are closer than audio CD, but not by much.
Windows Media format is one of the best for Studio Master quality and arguably one of the more wider distributed codecs (with Windows). there are stores that sell studio master Linn have a music store with Studio Master in either Flac or WMA. http://www.linn.co.uk/music#studiomaster
It'd be interesting to see if all these devices with airplay built in can playback Alac... that would be killer, distributed lossless audio.
Last edited: