TiVo gets bankruptcy court approval to buy some Aereo assets
Bankruptcy Law
TiVo said Friday that it has received bankruptcy court approval to buy some assets of Aereo, an online startup that offered a cheaper alternative to cable TV. Financial terms were not disclosed.
Aereo filed for Chapter 11 bankruptcy protection in November, less than five months after an unfavorable ruling by the U.S. Supreme Court. The company backed by media mogul Barry Diller allowed people to watch and record broadcast TV online for $8 a month on tablets, phones and other gadgets. Unlike Hulu and other online video services, Aereo offered live streaming of broadcast channels.
The Supreme Court ruled in the summer of 2014 that Aereo had been operating like a cable TV company, meaning that unless it paid broadcasters licensing fees, it was in violation of copyright law. Aereo suspended its operations three days later.
TiVo Inc. President and CEO Tom Rogers said in a statement Friday that the San Jose, California-based company will acquire Aereo's trademarks and customer lists. He said that it will help Tivo serve consumers that "want access to both broadcast television and over the top content."
Tivo's products include equipment to record TV shows for later viewing.
TiVo said that the U.S. Bankruptcy Court in Manhattan approved the transaction earlier this week as the last step in the sales process of Aereo's patents, hardware and other assets.
Related listings
-
Court filing: Marsh seeks OK to sell 26 grocery stores
Bankruptcy Law 07/29/2017A bankruptcy court document says two Ohio-based grocery chains have agreed to buy 26 of Marsh Supermarkets' 44 remaining stores for a total of $24 million.The court filing posted Tuesday says Fishers-based Marsh is seeking court approval to sell 11 s...
-
Bankruptcy court denies Caesars Entertainment's quick appeal
Bankruptcy Law 08/23/2015A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge from Chapter 11 has also denied the casino company's effort to fast-track an appeal of the decisi...
-
Court rules GM shielded from death claims before bankruptcy
Bankruptcy Law 04/23/2015A federal judge ruled Wednesday that a 2009 bankruptcy order shields General Motors from billions of dollars in death and injury claims tied to defective ignition switches in older small cars. But Judge Robert Gerber in New York, who handled GM's gov...
How do you qualify for workers compensation in Illinois?
The Workers’ Compensation Statute protects every employee in the State of Illinois.
A victim of a work-related injury or illness is eligible for many forms of compensation including reasonable medical care required to cure or relieve the impact of the injury, lost time from work, and any temporary or permanent disability.
Illinois Workers’ compensation is a system of benefits that:
– Pays for the medical treatment and medical bills incurred by work-related injuries and illnesses.
– Pays for the lost time from work
– Pays for any temporary or permanent disabilities
– Covers nearly every employee in Illinois
– and begins the very first day that you start working for your employer.
Employers in Illinois are required to purchase workers’ compensation insurance for their employees and the insurance companies fund the payment of worker’s compensation benefits for employees’ claims. In the event of a dispute, the Illinois Workers’ Compensation Commission (IWCC, or the Commission) enforces the state’s worker’s compensation laws and protects worker rights.