One of the most popular free sites for converting YouTube videos into an MP3 format might actually be shutting down soon. The operator of YouTube-mp3.org was sued by the Recording Industry Association of America last year — has apparently agreed to hand his site over to the RIAA, TorrentFreak reports.
The RIAA gets to keep the domain, apparently to keep other enterprising converters from moving in on it. In return for no further prosecution, the site will shut down.
It isn’t just the site the RIAA is putting on ice, either. According to the settlement documentation, the site’s operator is restrained from “knowingly designing, developing, offering, or operating any technology or service that allows or facilitates the practice commonly known as ‘streamripping.'”
The judgment has yet to be signed by the court, but it is clear that YouTube-MP3 has thrown in the towel and will shut down soon!!