Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


April 26, 2015 7:39 PM ET

Media

Company Overview of Aereo, Inc.

Company Overview

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 name to Aereo, Inc. in October 2011. The company was founded in 2010 and is based in Long Island City, New York...

37-18 Northern Boulevard

Long Island City, NY 11101

United States

Founded in 2010

Phone:

781-863-9991

Key Executives for Aereo, Inc.

Founder and Chief Executive Officer
Director of Operations
Senior Principal Engineer
Principal Software Engineer
Principal Engineer
Compensation as of Fiscal Year 2014.

Aereo, Inc. Key Developments

Aereo Appoints Lawton Bloom as Chief Restructuring Officer

Aereo has hired crisis and restructuring manager Lawton Bloom, a managing director of Argus, to serve as chief restructuring officer.

Aereo Inc. to Lay Off Most of Workers

Aereo Inc. announced that it is laying off most of its workforce and shutting its Boston office. The company announced that 43 employees will be laid off next week in Boston. Altogether, about 60 employees will be let go and about a dozen managers and employees will remain.

US Supreme Court Announces Aereo Violating Broadcaster Copyrights

The U.S. Supreme Court has overturned a ruling by a lower court on June 25 and has found that Aereo, Inc. violates broadcasters' copyrights. The petition was filed by a consortium of broadcasters in October 2013. The Supreme court's ruling has reversed the favorable rulings from lower courts, with the Justices ruling 6-3 on the case. The ruling is expected to hit Aereo hard, even reportedly leading to the shut down of the startup. Backed by media mogul Barry Diller, Aereo launched its service in New York city in early 2012, with its service debuting on iPhones and other Apple devices, and later expanded to laptops and desktop computers running Apple operating system. In late 2013, it expanded its service to Android 4.2 or higher OS, the most widely used platform in the world. Subscribers to the service are assigned with a mini-antenna, which allows users to view or record free over-the-air TV station content on Internet-connected devices such as smart phones, tablets or computers. Aereo's streaming service is offered to subscribers for as little as $8 per month, which is significantly cheaper compared to other TV service plans. However, the service is only available in about 11 cities including New York, Boston, Atlanta, Salt Lake City, Miami, Houston and Dallas. Aereo has been facing a number of lawsuits from TV broadcasters who are seeking a ban on the service. It had been until now on the winning side for the most part, and the lower courts had so far allowed Aereo to continue its service. The online video startup Aereo has been up in arms against big time broadcasters such as Walt Disney Co.'s (DIS) ABC, Comcast Corp.'s (CMCSA) NBCUniversal, CBS Corp. (CBS) and 21st Century Fox, Inc. as well as PBS, WNET and Univision. It has been streaming programming online to subscribers for a fee without paying license fees to the broadcasters. They have been charging the controversial TV service provider of breaking copyright laws by streaming their programming publicly without authorization and payment, in violation of exclusive rights. However, Aereo has claimed that it need not pay fees like the cable companies because the broadcast signals are free-to-air. Aereo said it was enabling only private screenings, just like off-the-shelf TV antennas.

Similar Private Companies By Industry

Company Name Region
Something Massive, LLC United States
VibrantAds, LLC United States
Boynton Beach Club The Musical LLC United States
All-Star Baseball, Inc. United States
Interactive Television Networks Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 26, 2015
Aereo, Inc., Certain Assets
Bankruptcy
November 20, 2014
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Aereo, Inc., please visit aereo.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.