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Sound - Grip
 
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Creating compressed, digital files from audio CDs is a popular and convenient way to make favorite music available. The small file sizes (usually 3-5MB per song) can be kept on a hard drive or recorded to CD for easy access.

Grip is a CD player and ripper; it's also a front-end for several types of audio encoders. Grip lets you take an audio CD and easily transform it into MP3 or Ogg files.

Windows equivalent: Audio Catalyst