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Aereo Inc.'s copyright dispute with the major television broadcasters didn't pan out as the now-bankrupt streaming service had hoped. But after Aereo lost at the U.S. Supreme Court, competitor FilmOn X continued to fight. Now, a Los Angeles federal judge has moved FilmOn closer to winning its battle with broadcasters.
Like Aereo, FilmOn relies on banks of small antennae to retransmit television broadcasts over the Internet. Both companies initially maintained that the technology didn't amount to copyright infringement because they were simply allowing users to access on their computers content that was freely available to anyone with a TV and a digital rabbit ear antenna.
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There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
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