MP3 Has Sink To Its End As The German Company Maker Released Its Official Farewell By Ralphy Bonn Sim | May 15, 2017 05:48 PM EDT Developers of the much-treasured music compression format MP3 has officially declared its end. The Fraunhofer Institute, a German company that was one of the main driving forces behind the development of the MP3, recently released a statement that the licensing for patents and software relating to the MP3 has been turned down. According to Gizmodo, MP3 has been around since the 1980's and was one of the main driving forces behind a revolution in the way that people listened to music. In fact, the name MP3 is so well known as a testament to the effect that the format has had on the music industry. Without the MP3 there would be no 1000 songs in our pockets that time, a tagline for the iPod launched way back in 2001. Reports gathered that the iPod launched a new era of digital music with the iPhone following on its success. Now we live in a world where we carry thousands of songs in our pockets and almost instantly access them; anywhere and everywhere. In putting the legacy of the MP3 into context, it was invented before broadband, and anyone old enough to remember dial-up internet will recall the struggle of waiting hours for a single MP3 to be downloaded. The fact that technology has moved on as far as it has, the MP3 still exists. However, the MP3 has in recent times been solidly surpassed by another format, the Advanced Audio Codec family (AAC). According to Mac Observer from the official statement of Fraunhofer Institute, most state-of-the-art media services such as streaming or radio and TV broadcasting use modern ISO-MPEG codecs such as the AAC family. Defunct music formats are an interesting proposition; CD, vinyl, and MiniDisk still have loyal followers around the globe. Meanwhile, MP3 will surely go to join the hall of fame in the history of music. The likelihood of music hanging on to the format is low as the quality of music is greatly affected by being converted into an MP3.