Aereo TV Streaming Service Files For Chapter 11
It was an interesting component of the cord-cutting regime, and it managed to garner a lot of positive press during the three years that it was in operation. But now, its cloud-based TV streaming operation is no more. In a final blog post, Aereo notes that incumbent media companies made it nigh impossible for progress. Despite significant victories in the federal district courts in New York and Boston and the Second Circuit Court of Appeals, a damning ruling by the U.S. Supreme Court has shown to be "difficult to overcome." The U.S. Supreme Court decision effectively changed the laws that had governed Aereo’s technology, creating regulatory and legal uncertainty.
Today, the outfit is filing for Chapter 11 reorganization proceedings, which essentially marks the end of Aereo's road as a technology provider. Hopefully, in time, we'll see more meaningful change, but Aereo may one day be viewed as a company that simply embarked on its mission a bit ahead of its time.