The European Union has faith in BitTorrent. So much so that it's donating $22 Million to help us be able to steal share files. The BBC is one of the biggest investors, figuring that since people download TV shows now anyway, they should probably try to get in on it. Which makes sense. Nobody watches TV on TV's anymore; it's like listening to music on CDs. And when you see someone walking around with a Discman, you judge them. Don't pretend that you don't.

One of the main goals of this project, which they're calling P2P-Next, is to create an open source, BitTorrent-compatible client that can be used for live streaming. Which could be great for getting decent quality streaming TV. None of this watching poor quality out of sync episodes with strange asian subtitles. The team developing the core technology is the folks behind the BitTorrent client Tribler. With a cool $22 Million from the EU, along with another $6 Million from other partners, this project seems to have the backing it needs to succeed. They are hoping to create an environment that encourages sharing, but removing share ratio sanctions and letting the users moderate the content. All of this is great news. Since anything that will let us pirate share files quicker and easier is downright exciting.

[Via TorrentFreak]