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Judge OKs Auction of Aereo Streaming TV Assets

Dec 29, 2014  •  Post A Comment

Aereo has been given the green light by a bankruptcy judge to auction its streaming TV technology, following a deal the company agreed to with broadcasters about the sale process, The Wall Street Journal reports.

“Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan Wednesday signed off on the rules governing Aereo’s auction after company and broadcasters agreed to how and when the company can scrub its servers and how much time broadcasters will have to oppose any sale that could infringe their copyrights,” WSJ reports.

Aereo will also allow the broadcasters to attend the auction and provide weekly updates on the sale process’ status, the story adds.

After a Supreme Court ruling found that Aereo’s streaming of broadcast networks to customers via Internet connections violated copyright laws, the service shut down. Its litigation with broadcasters is now in a lower court, which will decide how much Aereo owes in damages. The WSJ report notes that the number could be in the “tens of millions of dollars.”

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