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"...the European Union has committed €14 million (£10.5 million, $22 million) for a four-year project to create an open source, peer-to-peer BitTorrent-like client called P2P-Next. This client will hopefully become a new standard way for broadcasters to use the Internet as a low-cost distribution platform. Users will have the option of either downloading material or viewing live video streams. The peer-to-peer system will be able to pipe TV programs to set-top boxes and home TV sets. Indeed, the core technical goals of the project are to foster an open standards-based “next-generation” Internet TV distribution system, employing P2P and social interaction."