Under pressure from the labels, the YouTube-MP3 site specializing in stream ripping is about to close. The site manager has reached an agreement with the record industry, which includes closing the service.
The days of YouTube-MP3 are obviously numbered. According to documents obtained by Torrentfreak, the famous site of “stream ripping” will soon bow out. The site manager, Philip Matesanz, seized the exit door that was presented to him by signing an arrangement with the record industry in the United States, thus avoiding more serious trouble in court.