GTE TO JOIN DISNEY & REGIONAL BELLS IN INTERACTIVE VENTURE
GTE will join Walt Disney Co. and three regional phone
companies in a $500M venture to provide interactive entertainment
and programs. GTE will contribute $100M as an equal partner.
Disney is currently developing the programming -- including video
on demand, home shopping and video games -- for the system. The
local bells, BellSouth, Ameritech and Southwestern Bell, are
updating their networks to bring the project to homes
(REUTERS/DAILY VARIETY, 8/11).