IsoHunt began shutting down on Monday, ahead of its one-week deadline, as part of a settlement reached Thursday between the popular torrent site and the Motion Picture Association of America.
The settlement by isoHunt and its owner, Gary Fung, ends a lawsuit brought seven years ago by the MPAA, which alleged that isoHunt facilitated movie-copyright infringement.
While Fung agreed to pay $110 million to the Hollywood trade group, it’s unlikely that isoHunt will be able to pay the entire amount. The MPAA will likely receive more like $2 million to 4 million, according to court documents obtained by the BBC.
Source –> International Business Times