Liberty Digital has invested an undisclosed amount in e-tailer Kozmo.com, which speeds up the Internet to home delivery service.
Liberty Digital, which serves as an Internet consultant and investment firm for Liberty Media Group and parent AT&T, has taken a series of other stakes in e-ventures including iVillage, MTVi Group, SportsLine.com, priceline.com and drugstore.com.
Its interest in Kozmo is expected to play into its plans in the interactive TV space. Liberty Digital is also an investor in digital video recorder service TiVo.
Kozmo.com offers free one-hour delivery of entertainment and convenience items in Boston, Chi, L.A., N.Y., S.F., Seattle and D.C.
“Our investment in Kozmo.com is in line with previously announced strategic investments designed to further Liberty Digital’s emerging leadership position in interactive television,” said Lee Masters, prexy and CEO of Liberty Digital.
“Kozmo.com has established an innovative e-commerce business strategy which has important implications for Liberty Digital’s developments in interactive television. The ability to rapidly fulfill online orders is a powerful commodity for interactive TV-based commerce.”