On Wednesday's Market Foolery, host Chris Hill and Motley Fool Funds analyst Bill Barker discuss the latest rulings in streaming television.

The U.S. Supreme court has ruled that Aereo's streaming of television violates copyright laws. Aereo captures the over-the-air signals of network broadcasters and streams them to customers via their computers, smartphones or devices such as Apple TV or Roku. Chris asks Bill if the ruling was a surprise, because he thinks that the broadcasters have a good case on their hands. Bill explains that, as a lawyer, he thinks that copyright laws would apply. CBS (NYSE:CBS), Disney (NYSE:DIS), Time Warner (NYSE:TWC), and Comcast (NASDAQ:CMCSA) stocks were up after the ruling came down.

Bill Barker owns shares of Walt Disney. Chris Hill owns shares of Walt Disney. The Motley Fool recommends Walt Disney. The Motley Fool owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.