IAC chairman Barry Diller has expansive plans for his Internet TV service, Aereo — including, eventually, original programming.
So why start yet another T-shirt website? Apparently, to make T-shirt buying a social event, or even a cause.
Today the New York Times announced that it has sold the group of sites to Barry Diller’s IAC conglomerate for $300 million.
I’m sitting in my office (by which I mean my kitchen) watching Rachel Ray on my iPad and Kathy Lee on my laptop. These aren’t clips or day or old episodes. It’s live programming that’s streaming to me via Aereo, the web TV service locked in a legal battle with the big TV networks, which launches to the public in New York City this morning.
Aereo, the New York startup that is building a new system for streaming and recoding live TV, is countersuing the big TV networks that filed a lawsuit against it at the beginning of this month. The company, which is backed by local investors like First Round Capital and Barry Diller’s IAC, says that the courts have already ruled in favor of their technology, just not in this innovative new form.
Incumbent industries have a history of challenging new technologies that disrupt the established way they do business. For example, AT&T sued to keep everything from the answering machine to the Hush-A-Phone out of the market. Yesterday’s news that all the major TV networks are filing suit against streaming TV service Aereo is the latest in a long line of battles about how technology evolves. And Aereo, which recently raised $25 million from backers that include billionaire Barry Diller’s IAC, is ready for a war.
File this one under bound to happen. IAC’s new service, Aereo, which charges users $12 a month to stream the basic TV networks and a selection of cable channels, is the target of a lawsuit filed by Fox, WPIX, Univision, and PBS. They want to shut Aereo down and collect damages for unlicensed use of their content.
Influential media businessman Barry Diller was on hand today for the debut of new startup Aereo TV, a streaming video service that aims to steal consumers away from the expensive cable and satellite television providers.