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Posts Tagged ‘streaming TV’

Aereo Files for Bankruptcy

aereo antennaeWith a post on the company’s blog Friday morning, Aereo founder and CEO Chet Kanojia announced the company had filed for bankruptcy protection:

The enthusiasm we encountered was overwhelming. The sense of frustration consumers expressed reinforced our mission. We knew we had touched a nerve, had created something special, and had a built something meaningful for consumers.

But we encountered significant challenges from the incumbent media companies.

While we had significant victories in the federal district courts in New York and Boston and the Second Circuit Court of Appeals, the reversal of the Second Circuit decision in June by the U.S. Supreme Court has proven difficult to overcome. 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.

Accordingly, today, we filed for Chapter 11 reorganization proceedings. We also appointed Lawton Bloom of Argus to serve as Aereo’s Chief Restructuring Officer during this period.

Some of the challenges from “incumbent media companies” included local television stations, who sued Aereo for copyright infringement.

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NBC to Stream Every Sport at 2012 Olympics Live

When the 2012 Summer Olympics begin this July, viewers will be able to watch all 32 sports live on their computers.

NBC plans to stream the entire Olympics live on nbcolympics.com, with just one catch: the big events that will air on delay during NBC’s primetime show will not be archived on the site until after the broadcast.

NBC believes that giving viewers the ability to watch events live during the day will actually help the primetime broadcast.

“We’re not scared of cannibalization,” Rick Cordella, vice president and general manager of NBC Sports Digital Media, told The New York Times.  “Anytime you have a great event that happens before it shows on the air, it increases ratings and generates buzz.” Read more

Aereo: How the Streaming TV Service Works

Aereo recently debuted its streaming TV service in the New York market, with plans to roll it out to over 75 additional markets within a year.

As Aereo faces multiple copyright lawsuits from the broadcasting companies that own TV stations in New York, we took the service for a test drive to see what all the fuss is about (video above).