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YouTube-MP3 Settles With RIAA, Site Will Shut Down

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YouTube-MP3 Settles With RIAA, Site Will Shut Down

Postby MrFredPFL » Mon Sep 04, 2017 10:30 am

Story :

YouTube-MP3, the world's leading YouTube ripping site, has agreed to shut down indefinitely and hand over its domain to the RIAA. A private settlement agreement, including an undisclosed payment, will end the copyright infringement lawsuit which was filed by several major record labels last year.

With millions of visitors per day, is one of the most visited websites on the Internet.

The site allows its visitors to convert YouTube videos to MP3 files, which they can then listen to where and whenever they want. The music industry sees such “stream ripping” sites as a serious threat to its revenues, worse than traditional pirate sites.

In an attempt to do something about it, a coalition of record labels, represented by the RIAA, took YouTube-MP3 to court last year.

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