US internet TV startup Aereo, founded by US media mogul Barry Diller, has raised US$38 million (€29 million) and has plans to expand to 22 cities across the country.
Aereo launched last year with a services offering live broadcasts via the internet of major US networks on a variety of devices for US$12 a month. Aereo allows users to view off air broadcasts via a very small antenna embedded in the device.
Diller’s own IAC led the investment round along with Highland Capital Partners. The service provider previously had raised US$20.5 million in a round led by IAC.
Aereo has attracted hostile attention from US networks, who claim that the service is stealing its signal. The company is currently involved in a litigation battle with a number of broadcasters.
English #PremierLeague secures order to block pirate servers. https://t.co/8oyKEZqMKu https://t.co/CjhXhi8RRc
23 July 2018 @ 13:30:01 UTC
.@UKTV channels leave @virginmedia platforms as deadlock continues. #TV #TVNews #broadcastersa https://t.co/FC9ozb6TJm
23 July 2018 @ 13:00:01 UTC
#UK unveils plans for full fibre and #5G #internet. https://t.co/cj3A8qS8yU
23 July 2018 @ 12:37:21 UTC
.@virginmedia to drop @UKTV channels. #broadcasters #TV hhttps://t.co/m766eVaSethhttps://t.co/zatzBJih5r
23 July 2018 @ 10:00:00 UTC
.@TeliaCompany to acquire Bonnier Broadcasting. #TVNews https://t.co/AjVZ6icU5l https://t.co/gKyyGUevD2
23 July 2018 @ 08:00:00 UTC
