Satellite : Cord-Cutting Gets Major Backer

IAC's Barry Diller is throwing his weight and dough behind Aereo, the web-based video distribution company formerly known as Bamboom. Starting in mid-March, the company will stream programming from all the major networks via a connected DVR for ~$12 per month. And, the service will launch in NYC.
: Fta Files - FTA-GODS.COM Satellite : Cord-Cutting Gets Major Backer
: Fta Files - FTA-GODS.COM Satellite : Cord-Cutting Gets Major Backer

According to reports, IAC recently led a $20.5M round of financing for Aereo. The service works by using broadcast TV antennas to receive signals and them stream them to a user's individual live TV 'channel.'

Observers say while technically it is a 'cord-cutting' service, it won't allow consumers to watch shows they get on cable. So it's more a true over-the-top accessory service. Media Decoder has details from the Diller front; AllThingsD describes the product.

Comment: In light of IAC CEO Barry Diller's backing of Aereo, it's interesting to note that Barry did a keynote conversation with Phil Weiser at Monday's morning session at Silicon Flatirons in Boulder. Within the discussion was Barry's assertion that separating content from conduit was good. Noting that Charlie Ergen was scheduled to speak later, Weiser asked Barry if he could go to Charlie for backing for an idea ... Barry answered, "Well, you could if Charlie wasn't cheap." More to the point, Barry noted, "The internet is an open – not closed – system." -PSM (with thanks to Preston Padden, who once worked for Barry) •