Stream-Ripping Giant Convert2MP3 Settles With Music Industry and Shuts Down

[MrFredPFL]

Story : https://torrentfreak.com/stream-ripping-giant-convert2mp3-settles-with-music-ind

The music industry has booked another victory in its efforts to shutter YouTube converter sites, also known as stream-rippers. Following legal action in Germany, Convert2MP3 has signed a settlement agreement with music groups IFPI and BVMI. The site will shut down immediately and pay an undisclosed amount as financial compensation.

The music industry views stream-ripping as one of the largest piracy threats, worse than torrent sites or direct download portals.

In 2016, the RIAA, IFPI, and BPI filed legal action against YouTube-MP3, the largest stream ripping site at the time. This case eventually resulted in a settlement in which the site agreed to shut down voluntarily.

This was a clear victory for the music industry, which swiftly moved on to its next targets. This included Convert2MP3, which was sued in Germany with backing from the music groups IFPI and BVMI.