A ruling is expected this afternoon in a lawsuit against Aereo, a potentially disruptive service that allows customers to stream broadcast television content without anyone, customers or Aereo, paying fees to broadcasters. The company is backed by more than $20 million from investors, including Barry Diller of IAC, who may be getting a little nervous: Today a Fox executive basically accused Aereo CEO Chet Kanojia of lying in court. Read More
Over The Aereo
The Aereo legal saga continues. Not content to wait for a decision regarding their ongoing lawsuit, the Hollywood Reporter reports that broadcasters want a preliminary injunction against Aereo and they want it now. That means they have to prove “a likelihood of success and the prospect of irreparable injury.” The tone of the legal proceedings, therefore, have taken on something of an apocalyptic cast.
Their argument goes that the company’s mere existence is enough to threaten broadcasters’ business model. From the tone of statements earlier this week, they’re about ready to go looking for Aereo’s plug if the judge doesn’t do something, anything, to take care of this. If Aereo gets away with their over-the-air workaround, cable and satellite distributors won’t be so willing to shell out for retransmission rights. And that means television may never be the same again. They do understand that sounds like a good thing, right? Read More