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AT&T, Chernin set sights on streaming video
April 22nd, 2014
08:30 PM ET

AT&T, Chernin set sights on streaming video

By Brian Stelter, CNN

Is AT&T preparing a new challenger to Netflix and Hulu?

On Tuesday the wireless company said it had entered into a new venture with former News Corporation president Peter Chernin for "over-the-top video services."

They're not talking specifics yet. But they're interested in the streaming video space to the tune of at least $500 million. That's how much money AT&T (ATT )and Chernin's media investment company, The Chernin Group, said they had initially committed to the venture.

With the $500 million, the companies will seek to invest in video-on-demand channels and streaming video services. These may be supported by advertising, likeGoogle (GOOGFortune 500)'s YouTube is, by subscription fees, like Netflix (NFLX)is, or by both, like Hulu is.

Read more of Brian's article on CNN.com here. 

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Filed under: Reliable Sources
Supreme Court quizzes Aereo: Do TV streams break the law?
April 22nd, 2014
04:25 PM ET

Supreme Court quizzes Aereo: Do TV streams break the law?

By Brian Stelter, CNN

In high-stakes arguments on Tuesday, the Supreme Court's justices challenged an attorney for Aereo to defend the legality of the television streaming service and explain the logic underpinning it.

The arguments summarized two years of legal tussling between Aereo, which provides streams of local television stations to paying subscribers, and the owners of those stations.

The TV station owners, major media companies like Disney and CBS, say that Aereo is violating copyright by allowing "public performances" of shows. Aereo says it is only enabling private screenings, just like off-the-shelf TV antennas do.

Several of the justices, in their questioning, repeatedly expressed concerns that a broad ruling against Aereowould imperil the nascent cloud computing industry because of how Aereo works. They seemed to search for a way to avoid that outcome.

Read more of Brian's article on CNN.com here. 


Filed under: Reliable Sources