“MP3 is dead” missed the real, much better story. MP3 is supported by everything, everywhere, and is now patent-free.

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What is considered a high bitrate? There isn't much reason to go higher than 320 kb/s on an mp3.

I'm not sure you can go more than 320kb/s on mp3. I have my music collection on my home server in FLAC but I transcode to 320kbps constant bitrate mp3 for my car and phone. I chose 320 because it's the highest that I've seen mp3 converters able to go.

Good point. I guess there is a reason that is the highest setting.