Diller backs digital broadcast venture

Craig Diller's IAC is probably the backers of the startup company that may face legal challenges regarding its delivery of live broadcast TV to digital platforms. Aereo TV was introduced Tuesday at IAC's Manhattan headquarters with a brand new round of funding amassing $20 million from traders including Diller, who'll join the business's board of company directors. The service charges customers $12 monthly for use of HD broadcast TV systems in live linear form in addition to recorded programming saved on cloud-based Digital recording device with no set-top box or wires. Aereo TV, that has released invitation-only in front of a larger deployment the following month, is going to be available only in NY to begin with. "Aereo may be the first potentially major technology which has the opportunity to give people use of broadcast television shipped on the internet to the device, small or large, they really want,Inch stated Diller. But Aereo TV hasn't compensated retransmission consent costs to the tv stations, a loophole the venture thinks it may exploit by implementing a small antenna for everybody sub as opposed to the traditional one-to-many transmission. Nevertheless, it can't function as the first service that thought it might sidestep the broadcast business simply to be stopped within the courts. Contact Andrew Wallenstein at andrew.wallenstein@variety.com