BitTorrent Fires CEOs, Closes Los Angeles Studio, Shutters BitTorrent Now (variety.com)

Things are not looking good at BitTorrent. Citing multiple sources, Variety reports today that the company has fired two former CEOs -- Robert Delamar and Jeremy Johnson -- and let go an unknown number of staffers. Company's CFO Dipak Joshi has stepped in as interim CEO. BitTorrent is also closing its Los Angeles-based production studio and shutting its BitTorrent Now streaming efforts. From the report: The company had officially announced the appointment of Delamar and Johnson as new co-CEOs in April. At the time, the duo laid out a renewed focus on media production and distribution, which involved the opening of a new Los Angeles-based production studio. These efforts culminated in BitTorrent Now, an ad-supported music and video streaming platform that launched in June. BitTorrent Now built on the company's efforts to strike media distribution deals with independent artists, but didn't actually use BitTorrent's P2P technology for streaming.

Comments

Re:Who are these people?

[Reason58]

It's like 10,000 peers when all you need is a seed.

Mod parent awesome

[Sloppy]

Five minutes ago, I could have told anyone the name of the guy who invented bittorrent protocol.

Now I am laughing and having to look it up. Worse, I know I won't remember it! I'll just remember "Bram Stoker" because you just permanently damaged my brain. For the rest of my fucking life, I am going to have to look up the name of the bittorrent guy.

AC, sometimes you're a genius. And sometimes you're a total bastard. And then there's times like this, when you're both. Fuck you, but also, fuck yeah!