Every year, the Office of the US Trade Representatives releases a report of “notorious markets,” places both physical and virtual that it says pose a risk to American creative industries. This year’s report leans heavily on the issue of stream ripping. I quote:
Digital music revenues and streaming revenues in particular represent an increasingly important share of music industry growth. In 2015, digital music revenues surpassed physical sales for the first time, and streaming revenues—which grew more than 45 percent—were a major driver behind overall global growth. Stream ripping is a direct threat to this digital growth as it eliminates the need for users to return to licensed services, thereby depriving artists and record companies of this important revenue source. Pay-for-download sites and legitimate streaming services are simultaneously undermined, and incentives to create and launch new legitimate streaming services are weakened. In recognition of this growing threat, YOUTUBE-MP3 is added to the Notorious Market List this year as an example of one of the reportedly more popular stream ripping sites.
The report also mentions a bunch of pirate sites by name, many of which I’d never heard. It’s well worth the read.