Peer-to-peer content distributor BitTorrent has eight more media partners--and $20 million in venture funding from Accel Partners and DCM.
BitTorrent's new mission increasingly looks possible
The new partners--20th Century Fox, G4, Kadokawa Pictures USA, Lionsgate, MTV Networks, Palm Pictures, Paramount Pictures, and Starz Media--will make their film and TV programs available to BitTorrent for downloading. Earlier this year, BitTorrent struck similar deals with Warner Bros. Home Entertainment Group and others. It's apparently serious about throttling the unauthorized distribution of copyrighted content using its technology.
Wal-Mart and Time Warner last week disclosed plans to get into the video download market next year, joining Amazon, Apple, AT&T, and Microsoft. BitTorrent is major player, at least by bit volume, accounting for up to 40% of worldwide Internet traffic.
The company denied rumors that CEO Bram Cohen is on his way out. Cohen said in a statement, "I look forward to spearheading the continued development of BitTorrent."
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