YouTube-MP3 shutting down

YouTube-MP3 has agreed to hand over its domain to the Recording Industry Association of America (RIAA), TorrentFreak reported.

The move was part of an out-of-court settlement and ends a case RIAA brought against YouTube-MP3 on behalf of record labels last year.

The site’s operator was accused of copyright infringement and violating the Digital Millennium Copyright Act.

According to the report, the settlement asks the court to rule in favour of the labels on all counts in the complaint, and proposes an injunction against the site’s operator, Philip Matesanz.

The injunction prevents Matesanz from “knowingly designing, developing, offering, or operating any technology or service that allows or facilitates the practice commonly known as streamripping, or any other type of copyright infringement for that matter”.

Now read: If it weren’t for us, there would be more music piracy — YouTube

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YouTube-MP3 shutting down