Aereo – The Fat Lady has Sung

Aereo notifies customers of Chapter 11 bankruptcy.

Atlanta-Aereo

Over the past year, it’s been quite a ride for the little startup company that would. Aereo has been through a lot. Their past three years have been an interesting go – alternative TV watching with a rented antenna, a cloud based DVR… allowing you to watch all of your stuff over the internet from nearly anywhere in the world.

The world… LOVED the idea.

Networks and cable companies… totally HATED the idea.

They wanted a cut of Aereo’s business and took them to court to get it. In late June of this year, it was determined that Aereo DID infringe on the copyrights of broadcast and content owners.

That was a huge setback for them; and they didn’t have a “Plan B” to fall back on at the time. As such, after the SCotUS basically killed their business model, Aereo halted operations and took a brief “pause.”

Today, 2014-11-21, Chet Kanojia, Aereo’s CEO, sent a letter to their customers and supporters. The letter informs every one of the company’s Chapter 11 bankruptcy reorganization filing.

“…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.

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.”

The full letter to customers and supporters can be seen here at what’s left of Aereo’s home page.

Now, what they actually plan to reorganize into…? Nobody knows yet. Not a clue. The fact that they are filing for Chapter 11 (reorganization) though and not Chapter 7 (liquidation) says that they might have an idea of SOMETHING to build a business around. However, based on the court findings I wrote about earlier this year (links, again, are above…) I wouldn’t expect it to look ANYTHING like their “current” business model.

Since the SCotUS classified them as a cable company, basically requiring them to pay rebroadcasting fees to networks and other content providers, their business model of working within the current confines of US copyright law have been quashed. Aereo didn’t want to have to pay the rebroadcasting fees because they are steep and prohibitive to the model they were trying to put in place. While their model SEEMED to work within the law, the SCotUS disagreed and the rest is history.

IF Aereo has worked out a deal with the networks and other content providers, I’d be interested to know what it might be… However, if you’re looking for something quick, cool, fast, and above all…cheap, I wouldn’t count on it… and you can totally forget the cloud based DVR thing, too. Yeah. that ain’t NEVER gonna happen…

Is Aereo something you’re interested in? Are the issues of Aereo’s case of interest to you? Were you a customer of theirs? I’d love to hear your thoughts on the issue and this development. Why don’t you join me in the discussion area, below and give me your thoughts?

Related Posts:

Stay in touch with Soft32

Soft32.com is a software free download website that provides:

121.218 programs and games that were downloaded 237.780.356 times by 402.775 members in our Soft32.com Community!

Get the latest software updates directly to your inbox