Aereo to pay broadcasters $950,000 for copyright claims
As if the state of affairs could not worsen for Aereo, the defunct TV streaming service is now set to make a cost to the broadcasters answerable for its downfall. And, all issues thought-about, it is getting off fairly straightforward. In response to Bloomberg Enterprise, Aereo has agreed to pay CBS and different tv networks $950,000 to resolve copyright claims, though the damages are stated to complete over $ninety nine million. Merely put, Aereo’s solely anticipated to compensate for rather less than a penny on the greenback, a deal that was agreed upon by all events concerned.
“Within the absence of settlement, there’s a probability of costly, protracted litigation that may doubtless eat the debtor’s restricted remaining funds,” Aereo stated in a federal chapter courtroom submitting. A decide is predicted to approve the settlement subsequent month, on Might seventh — which can add yet one more nail in Aereo’s coffin.
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