Personal video recorder pulls in more investors

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ABC owner Walt Disney Co. invested $7.5 million in personal video recorder start-up TiVo, and CBS Corp. kicked in $2.5 million, joining six other new investors including Discovery Communications and AT&T Corp.-alligned Liberty DMX. NBC invested Philips Electronics, whihc will make and sell the $499 digital devices, will get a subsidy from TiVo and a cut of the $10 monthly subscription fees.

Copyright July 1999, Crain Communications Inc.

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