In a shocking turn of events, BitTorrent is now taking on competitors in a mad race to make love to Hollywood before someone else does:

BitTorrent, developer of one of the most popular software programs for acquiring free video and other large files on the Internet, has raised $8.75 million from a venture-capital firm.

BitTorrent says it will use the funds from DCM-Doll Capital Management to improve its infrastructure and make it more appealing to Hollywood.

Perhaps they should join the MPAA’s new technology lab (although we suspect they might not get along so well).