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Aereo CEO Chet Kanojia leaves the U.S. Supreme Court after oral arguments April 22, 2014 in Washington, DC. The court ruled that the streaming service was in violation of existing copyright law by retransmitting broadcast televisions programs via miniature antennas for a fee from the company's subscribers.
It’s a red-letter day for broadcasters, who won a six-to-three Supreme Court decision against TV streaming service Aereo.
Aereo allowed users to watch and DVR network TV from any device, anytime, anywhere. It did this by using thousands of tiny antennas and convincing a Federal appeals court that one-to-one connections between a user and an antenna don’t violate copyright law.
But networks like News Corp didn’t buy it and threatened to remove FOX’s broadcast off the air. Aereo CEO Chet Kanojia has compared the service to a VCR or a library that buys books and lends them out.
If this isn’t the final nail in the coffin for the cable television business model, what comes next for cord-cutting consumers?