One of the latest casualties is the “YouTube-MP3“. So, now let us find out what happened to this popular portal. With millions of users around the world (about 60 million unique visitors per month), YouTube-MP3 is (was) one of the most visited websites on the Internet. For those who do not know this site, let me clarify that what this site is all about, this site basically allows you to convert YouTube videos into simple mp3 files, and then the audio can be played on any device (a technique called “stream-ripping”). The service was quite popular but according to the RIAA (Recording Industry Association of America), this posed an even worse threat than traditional piracy sites, because those responsible for them are still able to obtain revenue from the advertising presented. After a lawsuit filed last year by the RIAA, both parties reached an out-of-court settlement. In addition to the closure of the YouTube-MP3 site, Philip Matesanz, responsible for the service, is prevented from “consciously designing, developing, offering or operating technology or service that allows or facilitates the practice of streaming. In addition, he will have to pay the compensation for the damages and he must also give up the domain. However, the site is still online but should be closed in a few hours. So, what do you think about this? SImply share your views and thoughts in the comment section below.
