Media event set for September 9, launch likely ~10 days later.
Apple's Lossless Audio Codec (ALAC) Now Open Source
The Apple Lossless Audio Codec (ALAC) is a lossless audio codec developed by Apple and deployed on all of its platforms and devices for some years now. Apple is making the Apple Lossless Audio Codec (ALAC) available as an open source project. Full details can be found on the Apple Lossless Audio Codec project page.The Apple Lossless Audio Codec is a similar to other "lossless" codecs such as FLAC which offer audio compression without any loss in audio information. ALAC is said to compress files only by "about half" as compared to the originals.
Formats such as MP3 and AAC are considered "lossy" and result in much greater compression but at the cost of some fidelity. The main advantage of using ALAC over competing lossless formats is that ALAC is supported by all of Apple's iPods and iOS devices. The format had already been reverse engineered prior to this release, but this opens the door to even more products supporting both ALAC creation and playback.
The project has been released under the Apache license.