In a joint effort, The International Federation of the Phonographic Industry (IFPI), the Recording Industry Association of America (RIAA), and the British Phonographic Industry (BPI) have taken Youtube-mp3.org to court. The RIAA announced the action against the service on their own website today. The lawsuit was filed in a federal court in California.
Youtube-mp3.org describes itself as “the easiest online service for converting videos to mp3.” All you’ll need to do is paste a YouTube URL into the search box to “convert the audiotrack of your videofile to mp3…and you will be able to download it.”
Source: RIAA, IFPI, and BPI File Lawsuit Against Top YouTube to MP3 Site
The music business peaked in 1999, and it has been tumbling ever since. Now it looks like it’s starting to climb back up: Music sales in the first half of the year were up 8.4 percent, to $3.4 billion — the industry’s best performance since the height of the CD era.
That boom is fueled entirely by the growth of paid subscription services. This year’s numbers include Apple Music, which didn’t exist a year ago but has 17 million worldwide subscribers today, as well as Spotify, which has been growing faster than Apple and has 40 million global subs.
Source: It took a couple decades, but the music business looks like it’s okay again – Recode