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BitTorrent Gets $8.75M From Venture-Capital Firm

Posted by ryuzaki0 on from the well-distributed dept.

funny-jack writes "BitTorrent's drive to legitimize itself as a tool for distributing legal content appears to be gaining steam, as evidenced by the $8.75 million venture capital they recently secured. 'The piracy business is not something anyone can make money on,' says Ashwin Navin, who co-founded BitTorrent with Bram Cohen. 'We want to distribute paid and ad-supported content, using this technology.'"

2 of 266 comments (clear)

  1. Re:Help me out here... by Phil246 · · Score: 5, Informative

    Bandwith costs money
    BT allows these movie studios to cut costs, and yet still host large files.
    Letting people just download directly from them, especially when large files are involved will cost them a packet.

  2. Re:speaking of torrents by shudde · · Score: 5, Informative

    you guys check out http://www.litebay.org/ yet? pretty good selection, and all are super fast, i got batman begins in 2 hours. -acidjazz

    --from litebay.org forum: acidjazz Administrator Registered: 2005-08-22 Posts: 3

    Idiot.