Andre Yoskowitz
7 Dec 2008 23:35
In a decision that should come as no surprise to anyone, BitTorrent Inc. has shut down their struggling Torrent Entertainment Network paid download store.
Last month the company drastically reduced their staff by half and removed the CEO in favor of former CTO Eric Klinker.
BitTorrent vice president of marketing Simon Morris added that the company has been taking down the store since Nov. 17.
The store launched in February of last year and had content deals in place with 20th Century Fox, Warner Bros. Entertainment Inc., MTV Networks, and Paramount Pictures. Unfortunately for them, the customers just never came.