P3, the de-facto music file format that helped Apple and Spotify become music giants is approaching its inevitable death. It’s not that people are ditching the use of MP3 and its popularity is decreasing, but its license is being terminated.Fraunhofer Institute for Integrated Circuits, the German foundation which owns the patent for MP3 audio format and licenses it, has announced that it’ll be no longer be supporting the format. Wondering why? Because they believe that better ways to store music have appeared on the scene and MP3’s retirement should help those formats.Here’s what Fraunhofer Institute’s official statement has to say:On April 23, 2017, Technicolor’s mp3 licensing program for certain mp3 related patents and software of Technicolor and Fraunhofer IIS has been terminated.Fraunhofer Institute says that most of the well-known streaming, TV, or radio service providers are now using ISO-MPEG codecs like AAC family or MPEG-H.
MP3 Audio Format Is Officially Dead