Wednesday, June 25, 2014

Aereo - SCOTUS rules in favor of the Broadcasters

Aereo - Time to modify the business plan?
After my recent post about Aereo & the NFL, I felt it was worthy of a follow up on today's Supreme Court decision. I've always seen  Aereo is an industry disruptor but the question remained, was it legal or were they skirting the law? The verdict is in and the Supreme Court, in a 6-3 decision, has ruled that Aereo's technology is indistinguishable from cable systems and publicly performs copyrighted content and that Aereo violated those copyrights by delivering broadcast programming without permission. Barry Diller, whose IAC/InterActiveCorp was the principal financial backer of Aereo, said in a statement that ruling was not a “big (financial) loss for us,” adding, “but I do believe blocking this technology is a big loss for consumers, and beyond that I only salute Chet Kanojia and his band of Aereo’lers for fighting the good fight.” Stock prices for CBS, 21st Century Fox, Disney and Comcast rose on the news of the ruling.  MORE: The Los Angeles Times 06/25/14 -Supreme Court rules against upstart Aereo TV service in copyright case and USA Today 06/25/14 - Supreme Court rules against Aereo in Internet TV fight or The New York Times 06/25/14 - Supreme Court Rules Against Aereo in Broadcasters’ Challenge

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