For the record, I have just finished a grant proposal with a Houston arts foundation to fund a bit torrent site containing mp3s/multimedia from Houston artists/performers. Many local musicians and videographers put their content out for free. I’d write local musicians and ask them if they’d like me to include their mp3 file in the monthly bit torrent file and distribute them for free.
I feel reasonably confident it will get funded. And if not, I’ll try to get it started next spring.
Here’s a succinct summation of how to run a torrent site.