Updated: read below:
So is the word..there is a press conference later today at 2 PM PST, at the American Film Institute here in LA.
MPAA Chairman and CEO Dan Glickman and BitTorrent Founder and CEO Bram Cohen will at the conference…
Not sure what the deatils will be, but I’m assuming it would be some sort of collaboration of the movie industry in distributing movies through the commercial BitTorrent service.
AP: Some vague details of the deal: “The agreement requires 30-year-old software designer Bram Cohen to prevent his website, bittorrent.com, from locating pirated versions of popular movies, effectively frustrating people who search for illegal copies of films.” This sounds like a torrent search on the official BitTorrent site would only lead to legal torrents…users could easily go to other torrent search sites and circumvent that.
AP has some more details: BitTorrent must remove links leading to illegal content owned by the seven studios that are members of MPAA. “BitTorrent Inc. discourages the use of its technology for distributing films without a license to do so,” CEO Bram Cohen said in the statement. “As such, we are pleased to work with the film industry to remove unauthorized content from bittorrent.com’s search engine.”
Dan Glickman declared, “”They’re leading the way for other companies by their example.”
Forbes: So what does the deal really mean? For Cohen, who just recently transformed himself from a programmer with no interest in business into an entrepreneur who has received $8.75 million from venture capitalists Doll Capital Management, it means he can operate his company without being sued by a Hollywood studio. Given the aftermath of the Grokster case, that’s no small thing.
Related:
– No, It’s Not the New Napster
– BitTorrent Gets $8.75 Million Funding
– Hollywood Looks to BitTorrent For Distribution
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