MUMBAI:Hollywood has reached an agreement with file sharing P2P network BitTorrent to reduce illegal internet traffic in pirated films. As per the deal, BitTorrent founder and CEO Bram Cohen will remove links that direct users to pirated content owned by the seven studios that are members of the Motion Picture Association of America.

"BitTorrent Inc. discourages the use of its technology for distributing films without a license to do so," Cohen said in an official statement. "As such, we are pleased to work with the film industry to remove unauthorized content from bittorrent.com's search engine."

The MPAA estimates that the film industry lost $3.5 billion to movie piracy last year, which does not include losses because of illegal online file-swapping.