Citing Its Supreme Court Defeat, Aereo Files for Bankruptcy

In June 2014, the tech start-up Aereo, which advertised itself
as allowing paid users to “watch live TV online,” lost
big in a copyright case at the U.S. Supreme Court. Today, in
response to what company founder Chet Kanojia called the
“regulatory and legal uncertainty” created by the Court’s decision,
Aereo filed for bankruptcy. “While our team has focused its
energies on exploring every path forward available to us,” Kanojia announced, “without that clarity,
the challenges have proven too difficult to overcome.” It is the
final nail in the coffin.

For the full story of how the Supreme Court came to squash Aereo
and its vision for the future of television, see my recent feature
story “The
Rise and Fall of Aereo.” For more on the case, click below to
watch Reason TV’s “Aereo, the Supreme Court, and the Future of
Television.”