It’s remarkable that Aereo, the TV-over-Internet startup that fought a copyright battle with TV networks all the way to the Supreme Court, is still around. The company lost at the high court and was forced to stop providing its services after a New York federal court entered an injunction against it last month. It’s still hoping to win legal classification as a cable company—something that the FCC may be amenable to—but that battle still has a long way to go.
In the meantime, though, Aereo has no real source of revenue. The company is closing its Boston office and laying off 43 employees.
Aereo’s letter to its employees was published yesterday by BetaBoston. It explains that the company has “been working hard to stay viable” by pursuing a statutory license under the Copyright Act, but additional investors have been scared off by the October injunction.
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