Moments after Aereo’s chief investor declared the company “over” in light of a Supreme Court ruling against it, Aereo CEO and founder Chet Kanojia defiantly said the company’s “work is not done.”
Kanojia pledged to “continue to fight for our consumers and fight to create innovative technologies.” That seemed to contradict the intentions of investor Barry Diller, who told CNBC after the ruling, “”We did try, but it’s over now.”
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The court ruled 6-3 Wednesday that Aereo’s business model, in which it uses millions of antennas to beam broadcasters’ signals to subscribers’ devices, violates broadcasters’ copyrights.