Five months after the U.S. Supreme Court decided Aereo Inc.'s business model was in direct conflict with copyright law, the online television company announced Friday that it had filed for bankruptcy protection. But Aereo says its lawyers still have plenty of work to do.
Aereo, of course, is the Barry Diller-backed startup that let subscribers stream and store broadcast television programs online using remote, dime-sized antennas. Aereo argued that its technology—which one judge dismissed as "a Rube Goldberg-like contrivance"—permitted the company to offer network programing without running afoul of copyright law. The networks vehemently disagreed, and in June they persuaded the Supreme Court that Aereo's business model rested on wholesale infringement.
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