Internet TV platform Zattoo has gained a strategic investor: Swiss media company Tamedia will acquire a 24.5% share in the activities in Switzerland and Liechtenstein. For this purpose, parent group Zattoo Europa AG has created a spin-off unit Zattoo Schweiz AG, in which Tamedia will purchase the stake.

Financial details have not been disclosed. The Swiss-American company says it wants to use its new shareholder's investment to expand its offer and increase marketing activities.
Zattoo distributes live-streams of public and commercial free-to-air TV channels to internet users in several European countries including the UK, Germany, France, Spain, Switzerland and Belgium.
The free offer, which reaches more than 3 million registered users, finances itself through commercials shown when the player software is opened and during channel zapping. In future, Zattoo plans to add pay-TV channels to its platform.

Source: Rapid TV News 2008

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