Bit Torrent which forms one of the world's largest p2p sharing network for illegal downloads has now launched a new service in association with 20th century Fox, MTV & paramount pictures allowing users to legally download movies, music, tv episodes etc.

The Bit Torrent community can rent movies, purchase television shows and music videos, and even publish and share their own content to be displayed.

The site offers content for free, for rent and for purchase. Movie rentals are $3.99 and $2.99 for new release and catalog titles, respectively. TV shows and music videos are download-to-own at $1.99 each.

This service is currently available only in few regions.