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February 23, 2011 by · Leave a Comment 

A federal court in New York on Tuesday issued an injunction that effectively shuts down an Internet company that provides TV shows from some 65 sources — including network-owned TV stations to its subscribers for $4.99 per month. The company had claimed that it was able to provide what cable operators did at a fraction of the cost. However, the network and other broadcasters maintained that the company, was actually engaged in copyright theft. On its website, Ivi denied the charge, saying, “We pay broadcasters in accordance with the law, just like cable. This is not about copyright, this is about competition.” The company has vowed to fight on. In a statement, CEO Todd Weaver said, “The oppressive big media networks must open their doors to innovators or they will inevitably fall.”