"MPEG Audio Layer 3, more commonly referred to as MP3, is a popular digital audio encoding and lossy compression format invented and standardized in 1991 by a team of engineers working in the framework of the ISO/IEC MPEG audio committee under the chairmanship of Professor Hans Musmann (University of Hannover, Germany). It was designed to greatly reduce the amount of data required to represent audio, yet still sound like a faithful reproduction of the original uncompressed …showed first 75 words of 262 total…

…showed last 75 words of 262 total…idea of compressed audio files, based around the MP3 and has become a profitable business, even though the controversy between artist's rights to the money their music brings in is still ongoing. Majority of the teenage population as well as adults, have MP3 Players and the demand for better MP3 Players is always on the rise. Thanks to the MP3 idea we now have compressed video file players and probably more inventions on the way...