Share on StockTwits

More bad news for Aereo. CNBC is reporting that U.S. copyright officials do not consider Aereo a cable company under the terms of copyright law. Aereo lost a Supreme Court ruling last month after the court found the television-streaming service illegal due to violating broadcaster’s copyright licenses without paying a fee. Aereo filed a letter with a New York district court last week that the company now saw itself as a cable provider so it could acquire the same license available to other cable companies. But according to CNBC, the Copyright Office wrote in the letter dated July 16 that, “internet retransmissions of broadcast television fall outside the scope of the Section 111 license.” Aereo, striving to stay afloat, is looking to provide its service as a cable company by continuing to stream content but with set fees.



“Copyright Office Deems Aereo Not A Cable Company” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.