“Digital music revenues and streaming revenues in particular represent an increasingly important share of music industry growth,” the report reads. “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.”
YouTube-mp3.org was sued by the major labels in September over its activities in stream ripping. This practice has been becoming more popular, but is also drawing more scrutiny from the industry. Reports earlier in the year from both the IFPI and Muso pointed to stream ripping as an area of concern in combatting piracy.