The NY Times reported on an article entitled "File Sharing's New Face" and it contained this excerpt that stated Bram Cohen has been hired by Vavle Software:
Out of the blue, he heard from Gabe Newell, the managing director of Valve Software, based in nearby Bellevue, Wash. Valve is developing what gaming experts anticipate will be a blockbuster video game, Half-Life 2, but it is also creating an online distribution network that it calls Steam. Because of Mr. Cohen's expertise in just that area, Valve offered him a job. He moved to Seattle and started work in October. "When we looked around to see who was doing the most interesting work in this space, Bram's progress on BitTorrent really stood out," Mr. Newell said. "The distributed publishing model embedded in BitTorrent is exactly the kind of thing media companies need to build on for their own systems."
News source: NY Times