Rolf Schmidt-Holtz, CEO Sony Music Entertainment, New York will become partner of the Hamburg based pay-platform TeVeo from April 1st 2011 on. According to well informed circles his share is supposed to be 10 per cent.

Schmidt-Holtz said in a statement in Hamburg today: "TeVeo has realized the signs of time and plays a key role in the hybrid-TV-technology. I see enormous growth for TeVeo's pay-platform TV-ID, not only in Germany, but for the whole European market."

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