BitTorrent's Bid For Legitimate Media Play

SiliconValley.com: BitTorrent, the P2P solution, is bidding for legitimacy these days with a media distribution play, and has been having negotiations with movie studios and other content providers. An update on the progress.
The company is now based in SF, and is looking for venture capital.
Negotiations between the MPAA and BitTorrent are continuing, talks that founder Bram Cohen characterizing as "friendly."BitTorrent is also in discussions with two studios he declined to identify.
As negotiations progress, BitTorrent is focused on content that might not otherwise be available for download because the bandwidth costs would prohibitive. It has also reached agreements with game publishers to distribute about 1,000 licensed titles in the coming weeks.