Last week, an auction was held to sell off Aereo's assets. Aereo, the company that allowed users to watch and record streamed over-the-air content, was forced into bankrupty when the Supreme Court found that the service was a violation of broadcasters' copyrights. In the auction, TiVo purchased Aereo's trademark and its customer list. It will be interesting to see how the DVR stalwart, which sells its own over-the-air DVR/streaming device, makes use of those assets.
From Multichannel News
Aereo, the OTT-TV/cloud DVR startup that was shut down by the Supreme Court, raised less than $2 million at auction--millions less than what it had hoped to raise through the process.
The auction, which began on February 24 and wrapped up on February 25, essentially sold Aereo for its various parts, including individual technologies and its intellectual property.
TiVo was the winning bidder for Aereo's trademark, customer lists and certain other assets. Update: "We have OTA products and see some value in these assets," said Steve Wymer, TiVo's vice president of corporate affairs and communications. Among those products is the Roamio OTA DVR, a model primarily for cord-cutters that mixes access to broadcast TV and over-the-top content.
Additionally, RPX Corp., a self-described provider of "patent risk services," nabbed Aereo's patent portfolio, and Alliance Technologies came away with Aereo's equipment. Other elements of Aereo's technology were not sold, but Aereo intend to explore opportunities to sell those assets at a later date, according to a person familiar with the process. A hearing to approve the auction sale is scheduled for March 11.
"We are very disappointed with the results of the auction," William Baldiga, counsel for Aereo and partner at Brown Rudnick, said in a statement. "This has been a very difficult sales process and the results reflect that."
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