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Seven Media Group

Third TiVo investor on the way

The Seven Media Group and TVNZ will likely be joined by a third investor in Australasian TiVo licencee Hybrid TV.

Crikey, the Australian media site that accurately predicted the TVNZ deal, says the Seven Media Group was always looking to sell two-thirds of Hybrid TV, the vehicle it set up 18 months ago to manage its exclusive TiVo license for Australia and New Zealand.

A spokeswoman for Hybrid in Australia last night told NBR that another investor could well join the party: