EU ponies up $22M for BitTorrent development, sees it as future of content distribution

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BitTorrent is getting more legitimate with each passing day. There’s word today that the European Union will put up $22 million, or €15 million, for the development of an open source BitTorrent client—P2P-Net—that supports live streaming. (Wow that sounds like a lot of money to spend for what amount to some kid’s summertime Google Code entry.) Of note is who’s partnering with the in-development service, namely the BBC, which will stream its TV shows using the application.

How long until CBS et al. embrace P2P technology, especially BitTorrent?

Ah, yes. Never.

EU Invests $22 Million in Next-Generation BitTorrent Client [TorrentFreak]

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