A bankruptcy court has allowed defunct video streaming company Aereo Inc. to auction its TV streaming technology assets, Reuters reported on Friday. The U.S. Bankruptcy Court in Manhattan ruled on Wednesday that Aereo could sell its assets, after the company reached an agreement with broadcasters over the sale process. These broadcasters include CBS Corp., Comcast Corp.'s NBC, Walt Disney Co.'s ABC and Twenty-First Century Fox Inc.'s Fox. Under the agreement, Aereo will allow the broadcasters to attend the auction of the assets and provide them a weekly update on the status of the sale process. Aereo filed for bankruptcy in November, five months after the U.S. Supreme Court said that it violated broadcasters' copyrights by capturing live and recorded programs on miniature antennas and transmitting them to subscribers for $8-$12 a month.
