Tuesday, April 21, 2015

Aereo will pay $950,000 to the TV broadcasters that put it out of business

The Aereo saga is over. Long after the company's crushing Supreme Court defeat and the sale of its assets to TiVo, Aereo has agreed to pay broadcasters $950,000 over copyright claims, bringing a permanent end to their legal war. According to Bloomberg, that money will be directed to ABC and other broadcasters that quickly sued Aereo after the March 2012 launch of its ambitious cloud TV service. Aereo streamed live, over-the-air channels to its customers for a low monthly fee — without the blessing of major networks like NBC, FOX, CBS, and Disney's ABC. A federal bankruptcy court must approve the $950,000 payment before the deal is finalized.

In the months since Aereo's demise, some big companies have put a new focus on delivering TV to...

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