The filing is designed to put its copyright battle with three major studios on hold, as it seeks to expand its new filtering service.
“We have millions in the bank, and we’re already making millions on the new system,” said CEO Neal Harmon. “Business will continue as usual for our customers and our employees and all our team.”
VidAngel’s original service gave family audiences the power to filter out violence, sexual content, and foul language from mainstream studio releases. The company did not have a license with the content owners. Instead, it bought up copies of DVD’s, decrypted them, and then “sold” them to users who accessed them online and then “sold” them back to VidAngel. VidAngel argued this was permissible under the federal Family Movie Act, which was designed to allow filtering of offensive content.