Aereo to Hand Over Less Than $1M to Broadcasters to Settle Dispute
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TheStreet.com reports that defunct television-streaming company Aereo has reached a deal with broadcasters that had initially sought more than $99 million in damages for alleged copyright infringement.
Defunct television-streaming company Aereo has reached a deal with broadcasters that had initially sought more than $99 million in damages for alleged copyright infringement.
In a Monday motion, Aereo said broadcasters including CBS’s (CBS) CBS Broadcasting and CBS Studios, 21st Century Fox’s (FOXA) Fox Television Stations, Univision Network, Tribune Media’s (TRCO) WPIX, Public Broadcasting Service and Disney’s (DIS) American Broadcasting Cos., among others, had agreed to settle their claims for $950,000. The debtor would have to pay the amount by June 30 to resolve the nearly $100 million in claims.
Read more at http://www.thestreet.com/story/13120795/1/aereo-to-hand-over-less-than-1m-to-broadcasters-following-dispute.html