Gary Fung, the site’s Canadian operator, also agreed to pay $110 million in damages as part of the deal to end the long-running legal battle. He is unlikely to get his hands on that much money, but the Hollywood studios get what they want: the shuttering of a torrent search engine that pointed the way to pirated movies, music, videogames and software. The deal (.pdf) includes Fung sites called IsoHunt, TorrenTBox and Podtropolis.

“Today’s settlement is a major step forward in realizing the enormous potential of the internet as a platform for legitimate commerce and innovation,” said Chris Dodd, the MPAA’s chairman.