Australian media are reporting that the Australasian TiVo service is about to fold. Channel News quotes a US TiVo executive as believing TiVo in Australia "will not continue trading". And The Register reckons "an asset sale for the video-on-demand platform could be on the cards". Australian TiVo executives aren't commenting on speculation about the fate of their service, which Hybrid TV licenses in NZ and Australia. Hybrid is majority owned by Seven Media Group; TVNZ has a 33% stake. Despite ambitious plans to tackle Sky in NZ, little has come to past and local media have long speculated TiVo couldn't survive in a market so dominated by the pay-TV operator, which has about 50% penetration. Meanwhile, NBR this afternoon reported "botched boxes tipped to cause TVNZ big losses" while a TVNZ spokesperson told ScreenScribe.tv: "The full financials will be reported on when we release our half yearly results in the next few weeks."