BitTorrent Inc., which was co-founded by the developer of a software program widely used to share pirated music and video over the Web, plans to start helping media companies stream videos over the Internet.
The company unveiled the service on Tuesday, six years after its chief executive, Bram Cohen, created the BitTorrent peer-to-peer file-sharing technology.
BitTorrent is one of two key technologies used for trading files over the Web. The other, Gnutella, works using software programs including Limewire and MP3 Rocket.
While the BitTorrent software has been notorious as a tool for piracy, Cohen said he spent three years working to find ways to commercialize the technology