In a blog post announcing the move, Aereo said that it has appointed Lawton Bloom of Argus to serve as Aereo’s chief restructuring officer and claimed that Chapter 11 proceedings would allow the firm to “maximise the value of its business and assets without the extensive cost and distraction of defending drawn out litigation in several courts.”
“We have travelled a long and challenging road. We stayed true to our mission and we believe that we have played a significant part in pushing the conversation forward, helping force positive change in the industry for consumers,” said Aereo founder and CEO Chet Kanojia.
Kanojia claimed that the US Supreme Court’s decision in June that ruled the OTT streaming service to be illegal was too difficult to overcome, despite what he claimed were “significant victories” in the federal district courts in New York and Boston and the Second Circuit Court of Appeals.
Vizio adds three sports channels including beIN Sport Xtra digitaltveurope.com/2021/01/25/viz… https://t.co/7On89q58zR
25 January 2021 @ 21:21:00 UTC
ICYMI: Japanese government brands Olympic cancellation claims ‘categorically untrue’ digitaltveurope.com/2021/01/25/jap… https://t.co/GcPfjzeOnc
25 January 2021 @ 21:00:00 UTC
ICYMI: UK watchdog outlines concerns about Virgin Media/O2 merger digitaltveurope.com/2021/01/25/uk-…
25 January 2021 @ 20:30:00 UTC
Report: Salto edges up to 200k subs after three months digitaltveurope.com/2021/01/25/rep… https://t.co/YtWFM5kAI8
25 January 2021 @ 20:00:01 UTC
Digital TV Europe has extended the deadline for completion of our annual industry survey until January 31 - take pa… twitter.com/i/web/status/1…
25 January 2021 @ 19:30:00 UTC