Europe funds internet TV standard

The European Union is spending 14m euros (£10.5m) to create a standard way to send TV via the net.An additional 5m euros (£3.7m) is being contributed to the project by 21 other partners including the BBC and the European Broadcasting Union.The project will create a peer-to-peer system that can pipe programmes to set-top boxes and home TV sets.It will be based on the BitTorrent technology many people already use to share movies and music.

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