EmuParadise removes its library of retro titles

Most people who ever searched for an old game ROM on the internet have probably landed on the site EmuParadise at some point. Here you could find tens of thousands of different games from the good old days, that you could download and play using an emulator (also available on the site). Clearly, this is not entirely legal and over the years EmuParadise has fought off its fair share of troubles, but now they've made the decision to take the library of ROMs offline, presumably as they're being hounded by lawyers. Notably, Nintendo has been aggressive in shutting down sites of this nature recently.

MasJ, founder of Emuparadise, posted the following:

"It's not worth it for us to risk potentially disastrous consequences. I cannot in good conscience risk the futures of our team members who have contributed to the site through the years. We run EmuParadise for the love of retro games and for you to be able to revisit those good times. Unfortunately, it's not possible right now to do so in a way that makes everyone happy and keeps us out of trouble."

"I started EmuParadise 18 years ago because I never got to play many of these amazing retro games while growing up in India and I wanted other people to be able to experience them. Through the years I've worked tirelessly with the rest of the EmuParadise team to ensure that everyone could get their fix of retro gaming. We've received thousands of emails from people telling us how happy they've been to rediscover and even share their childhood with the next generations in their families."

One way to look at this is that it's only natural for companies to protect their IP, but clearly, EmuParadise also provided a service and historical record that many would say these companies have failed to provide players with. What do you feel about this and emulation in general?