August 31, 2016 2:39 AM ET

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Company Overview of Aereo, Inc.

Company Overview

On June 11, 2015, Aereo, Inc. went out of business as per its Chapter 11 liquidation filing under bankruptcy. Aereo, Inc. provides access to broadcast television and other content for members and temporary free users. The company offers a remote antenna, tuner, and remote digital video recorder to access and manage over the air broadcast television signals via the Internet on personal devices, including smartphones, tablets, personal computers, netbooks, and other devices. It serves residents in New York; Boston, Massachusetts; Atlanta, Georgia; Columbus and Cincinnati, Ohio; Indianapolis, Indiana; and San Antonio, Texas. The company was formerly known as Bamboom Labs, Inc. and changed its n...

37-18 Northern Boulevard

Long Island City, NY 11101

United States

Founded in 2010

Phone:

781-863-9991

Key Executives for Aereo, Inc.

Aereo, Inc. does not have any Key Executives recorded.

Aereo, Inc. Key Developments

First Amended Liquidation Plan Approved for Aereo, Inc.

The US Bankruptcy Court approved the amended plan of liquidation of Aereo, Inc. on June 10, 2015. As per the approved plan, administrative claims, fee claims, priority tax claims, priority non-tax claims, remaining secured claims and convenience claims will be paid in full in cash. General Unsecured Claims will be paid in cash. Aereo Interests will be cancelled and will receive cash distribution after paying to senior classes in full. The plan will be funded by cash in hand and sale of assets.

First Amended Reorganization Plan & Related Disclosure Statement Filed by Aereo, Inc.

Aereo, Inc. filed first amended plan of reorganization and related disclosure statement in the US Bankruptcy Court on April 24, 2015. As per the amended plan, subordinated claims have been deleted from the plan. Convenience claims will be paid fully. General Unsecured Claims will get recovery of 10.7%. Treatment of all the other classes of claims remain same.

Aereo, Inc. Agrees to Pay $950,000 to Settle All Litigation Between the Bankrupt Online TV Service and the Broadcasters

Aereo, Inc. agreed to pay $950,000 to settle all litigation between the bankrupt online TV service and the broadcasters. According to an April 20 court filing, Aereo and the broadcasters entered into a settlement agreement regarding the latter's copyright-related claims against the former. To date, the broadcasters have collectively filed 19 claims against Aereo, seeking more than $99 million in damages for copyright infringement plus additional unliquidated amounts for attorneys' fees. The broadcasters have agreed to accept substantially less than their pro rata share of available assets in exchange for Aereo's agreement to pay the broadcasters immediately upon approval of the settlement agreement. The broadcasters have agreed to accept substantially less than their pro rata share of available assets in exchange for Aereo's agreement to pay the broadcasters immediately upon approval of the settlement agreement. As a result of the compromise, Aereo's remaining funds, estimated to be $811,000, will be available for distribution to other unsecured creditors, which filed claims worth about $7.5 million. The agreement is subject to court approval, to be determined during a May 7 hearing in the U.S. Bankruptcy Court for the Southern District of New York.

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