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Not per se, but it's known resource hog, which runs its service on computer startup.
If you want to get rid of it, this is the only way:
Go Start>Control Panel>Add\Remove ("Programs and Features" in Vista), and uninstall Sky Anytime (if present).
Download, and run KClean.exe: http://static.sky.com/kclean/KClean.exe to remove Kontiki from your computer.
