To be fair... (Score 3, Informative)

Is a site that shares old Stevie Nicks, Frank Sinatra, and Ian Hunter live shows really that much of a threat to the music industry

To be fair, this site also hosted torrents concerning live shows from a wide variety of artists. From the submitter's offhand comment, this site is portrayed as only hosting older live sets and this is far from the truth. For example, NIN's latest shows (from the currently on going with teeth tour) were bootlegged and releasted on this site.

With that being said, I'm sad to see this site close as its user base was very dedicated to providing high quality live sets from a variety of bands.