Young raises $6M in Kickstarter campaign for Pono

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Young raises $6M in Kickstarter campaign for Pono
LOS ANGELES, CA - MARCH 29: Singer/songwriter Neil Young performs at the Dolby Theatre on March 29, 2014 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
LOS ANGELES, CA - MARCH 29: Singer/songwriter Neil Young performs at the Dolby Theatre on March 29, 2014 in Los Angeles, California. (Photo by Kevin Winter/Getty Images)
Neil Young arrives on the red carpet for the 56th Grammy Awards at the Staples Center in Los Angeles, California, January 26, 2014. AFP PHOTO ROBYN BECK (Photo credit should read ROBYN BECK/AFP/Getty Images)
LOS ANGELES, CA - JANUARY 21: Singer Neil Young arrives at the 56th Grammy Awards Producers and Engineers Wing Event Honoring Neil Young at The Village Recording Studios on January 21, 2014 in Los Angeles, California. (Photo by Michael Buckner/Getty Images)
LOS ANGELES, CA - JANUARY 21: Musician Neil Youn speaks The Recording Academy Producers & Engineers Wing Presents 7th Annual GRAMMY Week Event Honoring Neil Young at The Village Recording Studios on January 21, 2014 in Los Angeles, California. (Photo by Michael Buckner/Getty Images)
FILE - This Sept. 27, 2012 file photo shows singer-songwriter Neil Young posing for a portrait at The Carlyle hotel in New York. Young has raised more than $6 million through a Kickstarter campaign to fund his digital music project PonoMusic. Kickstarter closed the campaign Tuesday after raising 6.2 million through 18,000 supporters. The campaign is the third most funded project for Kickstarter. (Photo by Victoria Will/Invision/AP, file)
Honoree Neil Young arrives at the Producers and Engineers of The Academy's 7th Annual Grammy Week Event, at The Village Recording Studios, on Tuesday, January 21, 2014 in West Los Angeles, Calif. (Photo by Frank Micelotta//AP Images)
Musician Neil Young performs with his band 'Crazy Horse' during a concert in Biarritz, southwestern France, Thursday, July 18, 2013. (AP Photo/Bob Edme)
Neil Young performs "Born in the U.S.A." at the MusiCares Person of the Year tribute honoring Bruce Springsteen at the Los Angeles Convention Center on Friday Feb. 8, 2013, in Los Angeles. (Photo by Chris Pizzello/Invision/AP)
Musician Neil Young performs with his band 'Crazy Horse' during a concert in Biarritz, southwestern France, Thursday, July 18, 2013. (AP Photo/Bob Edme)
Neil Young at the Bridge School Benefit Concert at the Shoreline Amphitheatre on Saturday, Oct. 20, 2012, in Mountain View, Calif. (Photo by Barry Brecheisen/Invision/AP)
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NEW YORK (AP) - Neil Young has raised more than $6 million through a Kickstarter campaign to fund the singer-songwriter's digital music project PonoMusic.

Kickstarter closed the campaign Tuesday after it raised $6.2 million through 18,000 supporters. The campaign is the third most-funded project for Kickstarter.

Young's portable player will cost $399 when it debuts in October. PonoMusic will also launch an online music store. The project promises high quality audio compared with other digital tracks that feature compressed audio.

The Kickstarter campaign was launched last month.

Young, 68, named the company Pono after a Hawaiian word meaning righteousness.

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