Jeffrey Goldfarb and Reynolds Holding explain why the Supreme Court's ruling that online video startup Aereo violates copyright law is a victory for broadcasters only up to a point.
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I hold my hand and artifact has just been made obsolete by the Supreme Court this is area -- antenna. The court says the company cannot. -- use this technology to stream television shows to the Internet. -- you've taken a quick look at -- Gloves -- just came out hot off the presses let's have a little background copyright law protects the right of a creator of -- work in such as a TV show. To publicly perform network back in the seventies but companies got together so we know what that means -- that's gonna allow us to take TV signals off the year. And send them to viewers through a cable CATV was called back then now -- -- cable TV all right that is 76 congress said -- and I don't know that's illegal that's a public performance so now or aerial comes laws right okay. We know what that we're not gonna take -- 1 big central. Intended to pick this up off the air wolf I have warehouse of the gospels how many of these things each individual viewer is gonna get his or her own intent. To detect the signal from that antenna stream it over the Internet via iPad wouldn't have. And the president does not that that's not -- violate copyright backed by Barry Diller -- lot of money behind the line creativity and genius idea let's face but it's pretty fortunate few now nice try but look. It's the same thing. You know you're not just a device that's transmitting this signal you're actually performing it to the public know. -- it's very important remember the -- is a very narrow decision or not. We're not in you know prevent other types don't worry that this was gonna sort of effect clout class that is a market in this -- is that we're not deciding that if you actually own the war like people store stuff. The -- right where they were going to be able to. We're not saying that's illegal we're only saying that if you perform if you take some work and he proforma contemporaneously. That's public so. We're not saying if you store so the DVR case that Cablevision case right you know that was not a contemporaneous. We'll also the other thing -- I was so CBS stock is up 5% today because some people worried. You know all of -- -- as a broadcast network their stock was gonna now on this thing instead -- over an eternity cable but and I was gonna hurt the revenue stream for them but. But they shouldn't I mean investors are happy right now the company and they and their investors -- we can't be cheering for too long. Right now because I mean videos frame part of the two things some of the law as he -- -- and never catch all possibilities right and they're going to be they're still many loopholes. You recruit people far more creative and I am I gonna take advantage of -- think about how to get around this ruling of the court this actually invited them. Couldn't fight them so book you know we're not saying any of this other possible stop illegal as of very notices. You know. We don't want a disruption -- -- -- television television -- -- -- and continue you know people people don't wanna you know that hit them what they called cord -- -- don't -- necessarily -- whether -- exchanging watch the news blah blah blah you know they want to stop the whole landscape can it change in -- this allows us to do so great -- -- for the outlook for -- review. Undergo pop this bad boy and -- And will be back with more breaking -- tomorrow.