Aereo, a New York City based company that received about $100 million in venture capital, is in the business of providing television network broadcasts through the Internet. Subscribers can view the normally over-the-air TV shows live or later.
However, the U. S. Supreme Court ruled today that against Aereo in a 6 to 3 decision that the company violated copyright laws. The suit was brought by the broadcast networks.
The company has stated that if the ruling was against them, it could drive the company out of business.