BitTorrent, the company that created this year's hottest p2p file sharing software, is raising $8.75 million in venture capital from Menlo Park (Calif.)-based Doll Capital Management in order to create a legal digital distribution system using the technology.

According to the business plan, content from big names and independent producers alike (Games, videos, films and music) would be gathered and licensed for distribution, and BitTorrent would make money by either charging for the content or by using client-side advertising.

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