Aereo was an innovative company with a grand dream of bringing you live streaming TV - including sports - from anywhere in the country. With it, you could watch the local news from Philadelphia or the Broncos game from Denver, all on your computer or set-top box.
Now that dream is dead, and Aereo has filed for Chapter 11 bankruptcy thanks to a landmark court case.
For those unfamiliar with Aereo, let's take a quick refresher course: Aereo used warehouses full of tiny antennas to capture broadcast signals and send entertainment to subscribers. Aereo's customers could stream shows to their gadgets and record programs. Each customer paid to rent an individual antenna that they could control from their computer or gadgets.
Since the days of rabbit ear antennas, people have been getting broadcast entertainment for free using antennas. Aereo said its service was just more of the same. In a 6-3 decision, the Supreme Court said Aereo operated like a cable company. It didn't buy the argument that Aereo was helping customers legally watch free broadcast television.
It was a serious blow to cord-cutters and has many implications on the future of streaming TV.
Despite the Supreme Court's decision, there are still plenty of legal streaming services available to you. Click here to learn about them.