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News has broken today that the MP3 is dead.

Mixmag reported the rights owners has officially terminated the license, therefore the modern technology will no longer exist.

MP3 helped with the digital consumption of music over the past few decades, but the now dated format is no longer popular with consumers.

The Fraunhofer Institute, who owns the rights to MP3 are refusing to discuss the matter, although we’re expecting more news to be released on the subject soon.

Streaming killed the MP3 star.