Bram Cohen, the author of peer to peer sharing protocol, announced his newest creation yesterday at SF Music Tech Summit. This would be BitTorrent Live, and it lets anyone with content they would like to publish do so at very little cost and to millions of people.
This new peer sharing network is being destined to become the future of viewing video and make television the way we know it obsolete. Users can put anything that they wish on BitTorrent Live including: news, events, TV shows, movies, sports, and anything else that can be recorded.
Cohen told Tech Crunch at the event, “My goal is to kill off television.” He realizes that TV the way it is, is headed for an out anyway. People want to watch the content, but they want it available online. Above all they want it to be affordable.
This level of P2P will allow anyone with content they want to broadcast to be able to do so and be very affordable to do so in the process. Even those that already stream such as Netflix and Hulu will be able to reduce their prices with this type of technology. It will start to diminish the greedy entertainment industry that has greatly been showing its colors as of late.
This idea works a lot like normal torrent downloads in that an individual is capable of finding other individuals to stream the video from and not from a central source. Those that upload videos and do not want to profit will be able to use BitTorrent Live at no cost. Those who do want to profit will be charged a small fee. This is still largely different than the millions that are devoted to advertisement now.
“It fits the DNA of what BitTorrent is about because it is open and free,” said Cohen.
The main problem with this technology at the moment is cost. To stream the way television does requires the bandwidth that cable companies have already paid to have, not to mention satellites to provide better streaming. In the meantime the beta is available for people to try out, and the only requirement is a one time download. It will run straight out of the user’s browser after that.