A German Foundation, which owns the patent for MP3 audio format and licenses it, has announced that it’s abandoning the licenses to the format. The foundation has supported the use of better formats like AAC family or MPEG-H. While this move won’t end the use of MP3 instantly, it’s a symbolic move that’ll help other audio formats grow.
The patents have expired so there's no longer a financial interest.
What a silly article and statement.
The patents have expired. There is nothing to license. No one made a choice about anything.
"they believe that better ways to store music have appeared on the scene and MP3’s retirement should help those formats."
...i.e. the ones they still have live patents for ;-)
Thanks for the info; this is nice to know.
That website should probably be burnt in a fire...
With statements like
Now, you are using OpenDNS’s servers now which helps you to get a faster internet speed.
it's clear to me what the purpose of the site is.