According to early reports, police have seized £83,000 and computer equipment following a raid in Londonderry, Ireland.
A 26-year old man was arrested Wednesday following an investigation into Internet piracy by the Hollywood-funded Federation Against Copyright Theft (FACT).
The man has been released on bail pending enquiries.
No other information has been released at this stage.
Update: Fastpasstv Shuts Down After U.K. Arrest