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Originally Posted by Laurens
Except if it gives insight into how their DRM works they shouldn't. I'm sure the publishers would not want that.
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That depends. If implemented correctly, they shouldn't have anything to fear even if the converter tool is published as open source. It's like releasing your app's keyfile algorithm that is based on a known public-private-key algorithm such as Elgamal or RSA - as long as no one has access to the private key, the algorithm alone is useless for cracking the underlying code/data.