LoL, no they wont shut down. The ruling was to bring it to the next level in actually making laws. FilmOn lost nothing. Actually if anything does happen to FilmOn it will just be a verdict to remove copy right infringement. Laws are going to be changing because cable/satellite companies are starting to have to charge lower prices. The days of cable companies raising prices every year will have to stop as well.
If FilmOn losses it would impact Hulu, Netflix, Amazon, ect.