The developers decided to abandon further development of MP3 and terminate the license fees from manufacturers of equipment and software. This leads to the fact that in the future production of devices that support this format will be discontinued.
Although currently there are more efficient codecs with advanced functions, MP3 is still very popular among consumers. However, most modern media services, such as streaming radio, TV and broadcasting, use modern codecs ISO MPEG: a family in the future AAC or MPEG-H. They can provide more features and higher quality audio at much lower bitrates compared to MP3. End of an era of music.