isoHunt, one of the most popular torrent sites, is going to shut down as part of a settlement with Hollywood’s major movie studios, according to a Variety report. The studios had sued isoHunt in 2006 and won an important victory earlier this year, when the 9th Circuit Court of Appeals sided with their position and found that the site was promoting copyright infringement.
isoHunt founder Gary Fung had long maintained that isoHunt could be used to benefit artists. In a post on the site’s homepage, Fung wrote earlier this year:
“For the next 10 years, I’m imagining a reboot of isoHunt. From a mostly passive search engine, to a new system where you the consumer can be active participants in bringing creators on board, and you can frictionlessly contribute to the creators.”
It looks like these plans will be shelved, as Fung won’t be able to use the isoHunt brand anymore. Fung also agreed to pay the studios $110 million as part of the settlement.
More From paidContent.org