IsoHunt, one of the world’s most popular BitTorrent websites for pirated material, is set to shut down following an agreement in court.
Site owner and creator Gary Fung has agreed to pay $110m (£68m) to the Motion Picture Association of America (MPAA). As part of the court settlement Fung has also agreed to shut down the site.
In a blog post he has this to say:
“It’s sad to see my baby go.” “I have fought the good fight, I have finished the race and I have remained faithful. 10.5 years of IsoHunt has been a long journey by any business definition and forever in internet start-up time. “ “It started as a programming hobby in my university days that has become so, so much more.”
The court battle was originally brought about by a group of companies including Disney, Paramount and Twentieth Century Fox and has last more than seven years.
Despite the settlement stating that $110m would be paid, court documents have acknowledged that it is unlikely that Mr Fung’s company would be able to raise more than $2m-$4m and this is what the MPAA should expect to receive.
The site is currently still active at the moment and no date has been set for the shut down but MPAA chairman Chris Dodd said the move was a “major step forward” for legitimate commerce online.
Unlike a similar site, piratebay, which has seen it’s fair share of media attention, Isohunt does not host pirated material itself. It instead acts as a search engine and directory of torrent sources around the internet.