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WM Downloader is a Windows Media and MP3 Stream Ripper/Grabber (not direct sound recording program), which makes it easy to download streaming Windows Media and shoutcast streams. With this program you just need 2 steps to save your favorite shows on your PC.
It enables to record streaming video and audio streams in formats like .PLS, .M3U, .ASF, . ASX, . WMA, .WMV, .WPL, .WAX, .WVX, and .WMX by protocols like HTTP, Windows Media's RTSP, and MMS.