Friday, 18. October 2013
Topic: WEB - on October 18, 2013 at 3:06:00 PM CEST
BitTorrent search site IsoHunt will shut down, pay MPAA $110 million
isoHunt, a search engine for BitTorrent files founded more than a decade ago, has agreed today to shut down all its operations worldwide. The company, founded by Canadian Gary Fung, has also accepted a judgment that it must pay the movie studios that sued it $110 million.
It's not clear how much of that the studios will actually be able to collect. According to a chunk of court transcript cited by Techdirt, the movie studios' lawyers estimated that Fung and his company had only "two million dollars to $4 million, $5 million at the most" that they could possibly pay.
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