BitTorrent search engine isoHunt.com will shut down operations next week in a settlement with U.S. movie studios that have long accused the website of copyright infringement, the studios said Thursday.
The eight movie studios, including Columbia Pictures, Disney Enterprises, Paramount Pictures and Twentieth Century Fox Film, have also asked a California court to enter a $110 million judgment against the site and its operator, Gary Fung.
Under the settlement, the site will shut down next Wednesday.
The settlement is "a major step forward in realizing the enormous potential of the Internet as a platform for legitimate commerce and innovation," Chris Dodd, chairman and CEO of the Motion Picture Association of America, said in a statement. "It also sends a strong message that those who build businesses around encouraging, enabling, and helping others to commit copyright infringement are themselves infringers, and will be held accountable for their illegal actions."
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