Aereo

Aereo will have to pay $950,000 to broadcasters in Chapter 11 proceedings. Though significant, the dollar amount is actually les than one percent of what Aereo was originally ordered to pay, and resolves any and all disputes between the Internet TV startup and legacy operators. The settlement comes as Aereo deals with Chapter 11 bankruptcy after a Supreme Court decision shut the service off for good. Aereo also sold its assets off to Tivo for a paltry $2 million; a fire sale too good to pass up.

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The TV streaming company that's been battling their way to real release over the past several years is now dead. Aereo just went through an auction to sell off their assets, which they expected to be sold for between $4 million and $31 million USD. Unfortunately for the company, they just can't catch a break - their entire portfolio of assets has just sold for right around $2 million - total. This auction attracted a whopping 10 bidders and a statement has been released by Aereo's lawyer William Baldiga, who suggests that they were "very disappointed" by the results.

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Whether we like it or not, Aereo is in serious trouble. Though glimmers of hope sparkle through now and then, Aereo is still prohibited from doing business. Today, the company has announced they’ve filed for Chapter 11 bankruptcy protection, which is a step to reorganize and restructure. This type of bankruptcy is meant for companies just like Aereo; those who can’t repay creditors or pay down debt. With all Aereo has gone through, it’s a sad day, but may not signal the end just yet.

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The last time we visited the whole “What’s TV and what’s Internet?” thing, the FCC was considering change to the way they treated both types of services. As legacy cable service starts to operate more like a digital offering, the lines are blurring. In that vein, we held out a small amount of hope Aereo would survive their setbacks, and hold out long enough to see the FCC make a bigger ruling in their favor. Aereo might have the same thing in mind, as they cut down staff significantly, closing at least one office entirely.

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Aereo, swept up in a legal battle earlier this year that it ultimately did not win, has been denied a license that would let it operate as a cable company. Aereo had requested this license during the late summer, and was told in August that it needed a court ruling on whether it could continue operations under this special designation. An injunction was put in place against the service today, but as the legal battle winds down towards a close, there is still a ray of hope for the service.

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Ill-fated Aereo has lost its latest appeal and must get a judge to rule that it can operate like a traditional cable company, reports Bloomberg. The decision was made by the US Court of Appeals in New York yesterday, and is the latest blow to the company.

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“The company is figuratively bleeding to death.” That was how Aereo described themselves to the US District Court in Manhattan in a filing late last night. The company, recently dealt a death-blow by the Supreme Court, is hemorrhaging cash, and wants the courts to allow them to operate like a cable company.

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Aereo is putting up a valiant effort, but they’ve been dealt another major blow in their fight to stay alive. The US Copyright Office has ruled that Aereo cannot be deemed a cable company under the terms of the Copyright Act. This comes after a Supreme Court ruling which effectively dug Aereo’s hole for them.

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Aereo may have faced a huge set-back in the US Supreme Court and been forced to shut down services over the weekend, but the TV-challenging upstart isn't taking it lying down, turning to users to form a citizen campaign to try to rescue the technology. In a message to customers today, Aereo CEO Chet Kanojia laid out the next stage of his plan to save cloud-based antennas, though it won't be an easy journey.

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Following the recent ruling from the Supreme Court, Aereo has elected to shutdown its service, offering a refund to current customers in exchange. The TV service's CEO Chet Kanojia announced the business decision in a somewhat somber post on the official Aereo blog today.

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Ahead of I/O yesterday, the Supreme Court ruled on a case that marked a significant point in Aereo’s future. In their ruling, the Supreme Court effectively said the way Aereo does business violated the Copyright Act. Aereo’s CEO has responded to the Supreme Court ruling, and his full response is below.

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Aereo, the service challenged the status quo of TV as we know it, has been dealt a massive setback. The Supreme Court has ruled Aereo violates the Copyright Act, all stemming from the way Aereo operates. The 6-3 ruling all but kills off Aereo, at best forcing them to pivot into a new business model.

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