Aereo's Victory Could Eventually Upend Retransmission Consent, Analysts Warn

Wall Street is still buzzing about U.S. District Court Judge Alison Nathan’s decision yesterday that TV streaming service Aereo can continue to do business while broadcasters — including ABC, CBS, Fox, and NBCUniversal — pursue their copyright infringement suits against it. Had the decision gone the other way “it could have marked the end of Aereo,” Barclays Equity Research’s Anthony DiClemente says this morning. Wells Fargo Securities’ Marci Ryvicker adds that “The most alarming sentence [in the decision] was: the ‘Plaintiff’s have not shown a likelihood of success [in their copyright case] on the merits’.” She warns that the news could ding stock prices today for major market TV station owners. Aereo, which is backed by IAC’s Barry Diller, takes local over-the-air signals and streams them to subscribers who pay $12 a month. It doesn’t pay anything to the stations themselves. Ryvicker urges investors not to over-react. She has tried Aereo and says it “is NOT a compelling product” due (more…)

This article was printed from https://deadline.com/2012/07/aereo-lawsuit-local-tv-lawsuit-retransmission-consent-299265/