Courtroom battles over online TV service Aereo may end up recasting our entire copyright system -- with far-reaching and very pleasant consequences for digital media players such as Netflix (NASDAQ:NFLX) and Pandora Media (NYSE:P).

Aereo may have found a way to transmit public airwave broadcasts online without paying retransmission fees. If this model stands up in high-level courts, we may have a media revolution on our hands. In this video, Fool contributor Anders Bylund walks you through the basics of Aereo's mutiny against oppressive royalties.

Fool contributor Anders Bylund owns shares of Netflix, but he holds no other position in any company mentioned. Check out Anders' bio and holdings or follow him on Twitter and Google+.

The Motley Fool owns shares of Netflix. Motley Fool newsletter services have recommended buying shares of Netflix. The Motley Fool has a disclosure policyWe Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.