Barely two weeks ago, Erick was on hand at a news conference in which Barry Diller and company presented IAC's latest media-tech investment -- a startup called Aereo. Simply put, Aereo streams broadcast TV through the browser and provides a DVR in the cloud by "miniaturizing TV antennas and packing them in equipment that sits on the network," as Erick wrote at the time. The cloud-based service streams over-the-air channels for just $12 a month, which means that, even in spite of the unassuming size of its antennae, Aereo's model represents a threat to the old guard. Today, a group of broadcasters, including Fox, Univision, and PBS filed two separate lawsuits against Aereo (the two groups collectively represent most of the major media outlets in New York City), claiming that the startup is infringing on the broadcasters' copyrights and that its technology fails to meet the criteria of any sort of legal loophole. As such, the broadcasters are seeking an injunction, which would prevent Aereo from releasing its product on the market. In addition, the broadcasters will be seeking monetary damages "for what they claim are Aereo's violations of the Copyright Act," according to the New York Times.Source: http://feedproxy.google.com/~r/Techcrunch/~3/8zMxyAD-OPY/
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