Aereo Files For Bankruptcy

An anonymous reader writes: After losing its Supreme Court case in June and briefly attempting to transform itself into a cable company, Aereo is now filing for chapter 11 bankruptcy. Their service worked by letting people stream over-the-air television to their internet-connected devices. The content industry pushed back, and though Aereo argued its way through several lower courts, they say, "The U.S. Supreme Court decision effectively changed the laws that had governed Aereo's technology, creating regulatory and legal uncertainty. And while our team has focused its energies on exploring every path forward available to us, without that clarity, the challenges have proven too difficult to overcome."

Comments

innovation thwarted

[neghvar1]

Once again, the industry giants managed to thwart innovation to maintain the status quo.