RIAA Shut Down Popular Youtube to MP3 Conversion site

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Info: 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, YouTube-MP3.org 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.

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Video Tags: RIAA,Youtube,MP3 Conversion site,streamripping,shut down,recording industry association of america,pirate,mp4 to mp3,copyright infringement,lawsuit