BitTorrent Announces $20 Million Venture Capital Infusion
BitTorrent, Inc. recently received a $20 million investment round led by new investor Accel Partners. BitTorrent outlined plans to further develop its online service, and sell multimedia delivery to third-parties. “When I created BitTorrent in 2001, my mission was to solve the problem every website has when distributing large, popular files,” said Bram Cohen, current CEO and original cofounder of BitTorrent. “This...
Surveys Confirm Sales Of Microsoft’s Zune Sluggish
Two research companies have estimated that Microsoft’s Zune digital music player captured about 8% of the total portable player sales during its first week of introduction. NPD Group estimated that the Zune grabbed 9 percent of total portable MP3 player sales during the period, while Current Analysis reported a 7 percent share. The player was released on November 14th in the United States only, and took over the number two spot,...
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