YouTube-Ripping Site, Record Labels Agree on Settlement

According to TorrentFreak, a proposed final judgment has been reached between audio-ripping site YouTube-MP3.org and a collection of record labels including UMG, Sony Music, and Warner Bros. Although the document has not yet been signed by a judge, it indicates a decision in favor of the labels, with an undisclosed settlement fee and an order to transfer the domain to a party representing the labels.