General News

Satellite distribution deal planned

Jun 27, 2001 | 6:47am EDT

Japan's Toshiba Corp and AOL Time Warner are planning a joint enterprise to distribute motion pictures via satellite to theaters around the world, the Asahi Shimbun reported Sunday. The newspaper quoted AOL Time Warner Co-COO Richard Parsons as saying that the company hopes to realize the plan, which would employ Toshiba technology, within three to five years.

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