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.
Horse & Country launches free service on Vizio SmartCast digitaltveurope.com/2021/04/22/hor… https://t.co/J7DSRu16Uf
22 April 2021 @ 17:30:00 UTC
.@Roku enters into Original programming, rebrands Quibi content digitaltveurope.com/2021/04/22/rok… https://t.co/Drwo6AHILD
22 April 2021 @ 17:00:01 UTC
#CABSAT delayed to October digitaltveurope.com/2021/04/22/cab… https://t.co/Gn9qwZdK1x
22 April 2021 @ 16:33:00 UTC
Tele2 sees TV base and revenues decline digitaltveurope.com/2021/04/22/tel… https://t.co/H79V8uGWMs
22 April 2021 @ 15:33:00 UTC
Disney and Sony announce content distribution deal digitaltveurope.com/2021/04/22/dis… https://t.co/b80mLQKvWc
22 April 2021 @ 15:00:02 UTC
