Technology news and Jobs 
Telecommunications BitTorrent scores a $US20m river of cash
Telecommunications BitTorrent scores a $US20m river of cash | BitTorrent scores a $US20m river of cash |
|
| by Stuart Corner | |
| Sunday, 03 December 2006 | |
  
Featured Whitepaper
5 Best Practices for Smartphone Support
The BitTorrent peer-to-peer protocol was created in 2001 by Bram Cohen and BitTorrent the company founded by Cohen, now its CEO, and Ashwin Navin in 2004. BitTorrent claims that its protocol now account for as much as 40 percent of all worldwide Internet traffic and says it has worked closely with the Motion Picture Association of America (MPAA) to remove copyright infringing content from its website "in order to create a safe place for consumers to interact with the technology," and now says that more than 20 film studios and television networks, including 20th Century Fox, MTV Networks, Paramount Pictures and Warner Bros. Home Entertainment, expect to publish thousands of movies and TV shows on BitTorrent.com. "When I created BitTorrent in 2001, my mission was to solve the problem every website has when distributing large, popular files," said Cohen. "This mission is still what drives BitTorrent today and couldn't be more relevant as the Web grows into a channel for consuming large, high-value entertainment and information content. " New investor Accel Partners led the round with participation from initial investor DCM. {moscomment} |
Tags
| < Next story in category | Previous story in the category > |
|---|
