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The developer of the format announced this week that it has officially terminated its licensing program. MP3 Developers End Licensing and Effectively Kill the Format [gizmodo.com]
Although there are more efficient audio codecs with advanced features available today, mp3 is still very popular amongst consumers. However, most state-of-the-art media services such as streaming or TV and radio broadcasting use modern ISO-MPEG codecs such as the AAC family or in the future MPEG-H. Those can deliver more features and a higher audio quality at much lower bitrates compared to mp3.
Most importantly, despite what many people have reported, this does not mean the death of the MP3. Of course, Fraunhofer's statement didn't contradict any of these things, it just omitted them all and left people with the implication that this move ensured the decline and eventual death of the format -- when in fact it likely means the exact opposite.