Barry Diller: Aereo to Expand to Most Major U.S. Cities by 2013
After a favorable court ruling, the mogul says at the Allen & Co. gathering in Sun Valley that the company will grow over the next year and a half.
Aereo, the online TV service backed by IAC chairman Barry Diller, plans to expand to major cities across the U.S. following a court victory this week.
Diller told Bloomberg at the 30th annual Allen & Co. gathering of media and tech moguls in Sun Valley, Idaho that Aereo would move beyond New York to other large cities.
“We’re going to really start marketing,” Bloomberg quoted him as saying. "Within a year and a half, certainly by ’13, we’ll be in most major" markets.
A U.S. district judge this week allowed Aereo to continue operating while entertainment conglomerates and their broadcast networks continue to pursue a copyright lawsuit. Aereo streams broadcast signals to such devices as iPads without paying the networks.
“The ability for consumers to receive broadcast over the air signal is their right,” Diller told Bloomberg. “One of my friends at a large broadcaster said you succeeded in dropping my stock 2 percent."
He added: "I did think we were on the right side of this, and I’m happy the judge agreed with us."