BitTorrent Live:

Television is going the way of the dinosaur, and the deadly comet is called BitTorrent Live. Today, Bram Cohen, the author of the BitTorrent peer-to-peer sharing protocol, demoed his latest creation at the SF MusicTech Summit.
 
BitTorrent Live lets any content owner or publisher stream video to millions of people at good quality and with just a few seconds of latency…for free or cheap. Sports, news events, simulcast TV shows, education, video conferencing, or uncensored war zone broadcasts — this technology will power the future of video.
 
“My goal is to kill off television” Cohen said during the SF MusicTech demo session I hosted. Afterwards he explained to me in rhyme, “Television’s physical infrastructure is inevitably going to go away, but TV as a mode of content consumption is here to stay.” Essentially, people love what they see on television, but want it accessible from the web.
 
The shift to online streaming has been stalled, though, because of the cost of set up, bandwidth, and servers compared to television infrastructure like cable wires and satellites that are already bought and paid for.