It turns out Aereo, the company that tried to bring over-the-air (OTA) TV to cord-cutters really didn't have a plan B. On November 20th, the company announced on its Web site that it was filing for Chapter 11 bankruptcy.
In a blog post, Chet Kanojia. Aereo's CEO and founder, announced that because "Thethat 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."
Therefore, "we filed for Chapter 11 reorganization proceedings." This "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."
This is the end of the road for Aereo. The company had argued—reasonably I thought—thatand then providing you with streaming and DVR services for your local OTA TV channels over the Internet was legal. The Supreme Court disagreed.
. None of them proved sufficient. In the end, Aereo decided that it wasn't worth pursuing the case any further.
Even though Aereo lost its battle, ironically it may have won the Internet war for cord-cutters. As Jason Perlow observed, before the decision was in, "The. The tools that will be at their disposal and a superior ability to monetize their content are far too alluring to stay in the Over-the-Air and time-scheduled broadcast business for very long."
Perlow was right.
First, the premium cable channel start Internet streaming. And, last—for now—the Spanish language cable TV network Univision has proclaimed that it too would start streaming its content to cord-cutters as well.. Then, CBS, ZDNet's parent company and one of the companies that had sued Aereo, announced that would
Who can blame them? Local OTA stations and the cable and satellite TV companies won't be going out of business tomorrow. But, withand Internet TV giant , TV's future seems to be heading to the Internet.
Aereo, however, won't be there to see it.