Aereo files for Chapter 11 bankruptcy

Aereo files for Chapter 11 bankruptcyAereo, the streaming TV service that let users watch near-live TV on any internet-connected device, has today announced that it is filing for Chapter 11 bankruptcy.

In a blog post, the company stated that a US Supreme Court decision had β€œeffectively changed the laws that had governed Aereo’s technology, creating regulatory and legal uncertainty. And while our team has focused its energies on exploring every path forward available to us, without that clarity, the challenges have proven too difficult to overcome.”