Reuters - Video

EDITION: U.S. | U.K. | IN

Business

Broadcasters beaming over Aereo win

Wednesday, June 25, 2014 - 02:24

The broadcast networks scored a big victory over Barry Diller-backed streaming video start-up Aereo- squashing the new technology in a landmark Supreme Court case. Bobbi Rebell reports.

▲ Hide Transcript

View Transcript

A big win for broadcasters against Aereo- the startup that was offering broadcast signals to mobile devices for a small monthly fee. The Supreme Court ruled against it- saying it was violating copyright law by using tiny antennas to broadcast TV content to paying customers- without paying the broadcasters. Horizon Media's Brad Adgate: SOUNDBITE: BRAD ADGATE, SENIOR VICE PRESIDENT, RESEARCH, HORIZON MEDIA (ENGLISH) SAYING: "It's really a slam dunk for broadcasters. You know, I mean Les Moonves said right now that Aereo was kind of like a pimple on the face. But if this, you know, if the courts favored Aereo, I think they would have rolled out their service throughout the country. And not only that, but I think the cable operators would have done the same thing. I mean there is nothing to stop a Cox or a Charter or some other big cable operator to create the same model Aereo did, and they would also be bypassing the re-transmission fees." Chet Konojia, Aereo's CEO called the decision a massive setback for American consumers, adding "our work is not done." The case puts Aereo in a precarious position at best: Penn Law Professor Shyam Balganesh SOUNDBITE: SHYAMKRISHNA BALGANESH, ASSISTANT PROFESSOR OF LAW, UNIVERSITY OF PENNSYLVANIA LAW SCHOOL (ENGLISH) SAYING: "Aereo can sit down with the broadcasters to start talking about a licensing mode. Of course with a decision in their favor, the broadcasters are going to have a significantly stronger position at the table and of course Aereo can lobby Congress to get a specific exception or some kind of compulsory license or a negotiated bargain introduced by way of an amendment to the copyright act." Aereo backer Barry Diller, who heads IAC/Interactive said "It's not a big (financial) loss for us, but I do believe blocking this technology is a big loss for consumers." Gary Shapiro, President and CEO, of the Consumer Electronics Association warns this decision won't save the broadcasters. SOUNDBITE: GARY SHAPIRO, PRESIDENT AND CEO, CONSUMER ELECTRONICS ASSOCIATION (ENGLISH) SAYING: "If broadcasters choose to beat up on Aereo rather than embrace it, they make come to rue that day. They are making a lot of money of retransmission consent. It's approaching $4 billion a year and growing. And at some point the cable industry will say you know we don't need that local news, we have another alternative, we have other ways of doing it, and consumers don't really care." The court made it clear this decision applied only to Aereo- and not to cloud-based services where content is stored on the Internet on servers from companies like Google, Microsoft and Dropbox.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Broadcasters beaming over Aereo win

Wednesday, June 25, 2014 - 02:24

Top News »

Retirement »

Back to work- in retirement Back to work- in retirement

Wed, Oct 15, 2014 - (2:09)

Investing 201 »

Bond investors brace for the end of Fed stimulus Bond investors brace for the end of Fed...

Fri, Oct 10, 2014 - (4:03)

Arian Foster = BlackBerry? Arian Foster = BlackBerry?

Fri, Oct 25, 2013 - (3:16)

Don’t miss these red flags for IPOs Don’t miss these red flags for IPOs

Thu, Oct 10, 2013 - (2:34)

Copycat currency trading Copycat currency trading

Wed, Oct 02, 2013 - (2:28)

When to dump a winner When to dump a winner

Tue, Sep 24, 2013 - (1:55)

Where gold might again attract Jim Rogers Where gold might again attract Jim Rogers

Thu, Sep 19, 2013 - (2:05)

Why savings interest rates won't budge Why savings interest rates won't budge

Fri, Sep 13, 2013 - (2:09)

Buy local? ETFs try the trend Buy local? ETFs try the trend

Thu, Sep 05, 2013 - (2:42)

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)