Aereo CEO: Court Made Incredibly Wrong Decision, Cord-Cutting Is Inevitable
This morning, Aereo filed for bankruptcy under Chapter 11, marking the end of the road for the cloud-based TV startup. The company launched in 2012 using micro-antennas and cloud DVR technology to provide near-live TV access to 30 channels to subscribers for as low as $8/month.
But after losing a fierce legal battle with broadcast networks, that went all the way to the Supreme Court this summer, the company is looking to figure out next steps as it shuts down.
We hopped on the phone with CEO and founder Chet Kanojia to discuss the news. Check out the full transcript below: