Hello f8nbethere,
It sounds like your Apple TV will not finish loading to the Home screen. I want to recommend a couple of things. First restart your Apple TV with this process from the following article, and then try again:
Apple TV: How to restart your Apple TV
http://support.apple.com/kb/HT4380
Unplug the Apple TV power cord for three seconds, and then plug it back in.
Also here is some information about the light beeps and what they mean to help you come to a resolution on what is going on:
Apple TV: About the status light
http://support.apple.com/kb/HT4380
If the issue persists after restarting, I would next restore your Apple TV with iTunes and then try again:
Apple TV (2nd and 3rd generation): Restoring your Apple TV
http://support.apple.com/kb/HT4367
Thank you for using Apple Support Communities
All the best,
Sterling