Home Would-Be TV Disrupter Aereo Files For Chapter 11 Reorganization

Would-Be TV Disrupter Aereo Files For Chapter 11 Reorganization

Broadcast TV streamer Aereo filed for reorganization under Chapter 11 Friday.

The Boston-based startup has been slowly shuttering for months since its Supreme Court loss in June. The court that Aereo’s service, which intercepted airborne television signals for its subscribers with tiny individual antennae and send them to its users online, violated copyright law.

“The U.S. Supreme Court decision effectively changed the laws that had governed Aereo’s technology, creating regulatory and legal uncertainty,” wrote CEO and Founder Chet Kanojia. “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.”

See also: Broadcast TV Streamer Aereo Officially Has One Foot In The Grave

On November 6, Aereo told GigaOm that while it wouldn’t completely close down, it would be making serious cuts to its 53-person staff to stay open. Less than a month later, however, the fight appears to be over.

Image courtesy of Aereo

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