Subscribe to Breaking News emails

You have successfully subscribed to the Breaking News email.

Subscribe today to be the first to to know about breaking news and special reports.

Aereo Is 'Over Now,' Backer Barry Diller Says

 / Updated  / Source: CNBC.com

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

One of Aereo's key backers appears to have thrown in the towel on the online TV service now that the Supreme Court ruled that it violates copyright law. "We did try, but it's over now," Diller told CNBC's Becky Quick soon after the ruling. Diller said that while the decision wouldn't cause his company, IAC/InteractiveCorp, a large financial loss, the ruling was "a big loss for consumers." The court ruled that Aereo creates a public performance of content that is copyrighted by large media companies, such as broadcasters. NBC News' parent company, NBCUniversal, is among the broadcasting and cable companies that opposed Aereo on copyright claims before the Supreme Court.

Sign up for top Business news direct to your inbox.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

IN-DEPTH

Supreme Court Rules Aereo Is Illegal

What Is Aereo and Why Is Everyone Talking About It

Read the Supreme Court's Decision on Aereo

Social

-- CNBC's Becky Quick and NBC News staff

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
MORE FROM news

Have feedback?

How likely are you to recommend nbcnews.com to a friend or colleague?

0 = Very unlikely
10 = Very likely
Please select answer

Is your feedback about:

Please select answer

Leave your email if you’d like us to respond. (Optional)

Please enter a valid email address

Thank you!

Your feedback has been sent out. Please enjoy more of our content.

We appreciate your help making nbcnews.com a better place.