Word: warners
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Dates: during 1990-1999
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...nothing else, a smooth presentation. Remote control in hand, Time Warner chairman Gerald Levin last week greeted a crowd of skeptical reporters in an Orlando, Florida, hotel ballroom, then pushed the "on" button and, with the help of Jim Chiddix, Time Warner Cable's technology chief, began the first public demonstration of the world's most sophisticated -- and expensive -- interactive-TV system...
Nearly two years have passed since Levin announced Time Warner's plan to invest $5 billion over five years for construction of what he called the Full Service Network. Within 18 months, he promised, his company would begin delivering interactive-video services to an area embracing 4,000 Time Warner Cable customers in suburban Orlando. It was now eight months late and at least 3,995 customers shy of the target, but Levin finally had something to show...
...shopping, games, sports, news, movies. He entered a computer-generated shopping mall, complete with a white stucco Crate & Barrel store and the curved glass facade of Sharper Image. He visited a Post Office shop that offered next-day stamp delivery and three-hour package pickup. He popped into the Warner Bros. Studio Store, where he ordered a pair of $10 raspberry-colored baseball caps. He visited the video-game area and played interactive gin rummy with the Willards, the FSN's first live customers, who were sitting at a TV set down the road...
...times as powerful as Sega's or Nintendo's, Hawkins was greeted with the kind of fawning attention usually reserved for rock stars and conservative talk-show hosts. He was backed by some of the biggest names in entertainment -- including Matsushita (Panasonic), AT&T, MCA and Time Warner. His initial public stock offering raised $26 million even before the first machine was built. The hoopla subsided soon after the machine hit the market. The initial price tag -- $799 -- was too high. The software was late. The games were derivative. Wall Street turned sour on the new machine, and last Christmas...
Butler and Feaster were both named to the Warner's Classic All-Tournament Team for their two-game performances. Butler led the Crimson with 34 points and 22 rebounds in the tourney. Feaster had 31 points and 21 boards...