{"id":6285,"date":"2015-04-22T00:00:00","date_gmt":"2015-04-22T00:00:00","guid":{"rendered":"http:\/\/worldscreen.com\/tvusa\/2015\/04\/22\/aereo-settles-with-broadcasters-for-950000\/"},"modified":"2015-04-22T00:00:00","modified_gmt":"2015-04-22T00:00:00","slug":"aereo-settles-with-broadcasters-for-950000","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tvusa\/aereo-settles-with-broadcasters-for-950000\/","title":{"rendered":"Aereo Settles with Broadcasters for $950,000"},"content":{"rendered":"<p>\n\tNEW YORK: The now-defunct live streaming TV service Aereo has agreed to pay $950,000 to CBS Corporation and other broadcasters to settle its $99 million copyright case.<\/p>\n<p>\n\tThe time-shifting TV startup is winding down in Chapter 11, after a U.S. Supreme Court ruling last June that declared its business model illegal. Aereo&#039;s technology relied on tiny antennas to store free over-the-air broadcasts to watch at a later time for a small monthly fee. After facing lawsuits from such broadcasters as NBC, FOX and Disney&#039;s ABC, the company filed for Chapter 11 bankruptcy last November.<\/p>\n<p>\n\tThe original amount for claims from various TV operators totaled $99 million. According to a filing Monday in U.S. Bankruptcy Court in New York, Aereo is proposing a settlement of $950,000. &quot;In the absence of settlement, there is a likelihood of expensive, protracted litigation that will likely consume the Debtor&rsquo;s limited remaining funds and prevent confirmation of a plan for the foreseeable future,&quot; Aereo said in the filing.<\/p>\n<p>\n\tA judge in the U.S. Bankruptcy Court in Manhattan is scheduled to consider the agreement May 7.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK: The now-defunct live streaming TV service Aereo has agreed to pay $950,000 to CBS Corporation and other broadcasters to settle its $99 million copyright case. The time-shifting TV startup is winding down in Chapter 11, after a U.S. Supreme Court ruling last June that declared its business model illegal. Aereo&#039;s technology relied on &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[],"class_list":["post-6285","post","type-post","status-publish","format-standard","","category-top-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Aereo Settles with Broadcasters for $950,000<\/title>\n<meta name=\"description\" content=\"Aereo Settles with Broadcasters for $950,000. NEW YORK, April 22: The now-defunct live streaming TV service Aereo has agreed to pay $950,000 to CBS Corporation and other broadcasters to settle its $99 million copyright case. . 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