MOST POPULAR

News

Aereo reveals next move

Chet Kanojia

Chet Kanojia

Controversial online streaming service Aereo has revealed its next move following the US Supreme Court’s ruling against it in June: filing for bankruptcy.

Acknowledging in a blog post that the ruling had proven “difficult to overcome,’ Aereo founder Chet Kanojia revealed that the company had filed for Chapter 11 reorganization proceedings, and had also appointed Lawton Bloom of Argus to serve as Aereo’s Chief Restructuring Officer during this period.

“Chapter 11 will permit Aereo to maximize the value of its business and assets without the extensive cost and distraction of defending drawn out litigation in several courts,” explained Kanojia.

“We feel incredibly lucky to have had the opportunity to build something as meaningful and special as Aereo,” he went on. “With so many shifts and advances in technology, there has never been a more perfect time to take risks, challenge the status quo and build something special.”

We welcome reader discussion and request that you please comment using an authentic name. Comments will appear on the live site as soon as they are approved by the moderator (within 24 hours). Spam, promotional and derogatory comments will not be approved

Post your comment

Facebook, Instagram and Sky case study: Game of Thrones

BT at IBC: 'unlocking the power of fibre IPTV'

IP&TV News tries out 4G Broadcast at the FA Cup Final

Thomas Riedl: “Google TV has evolved into Android TV”

Tesco and blinkbox: what went wrong?

Reed Hastings and 2030: is he right?