GTE Interactive Media was a video game development company located in Carlsbad, California.
[5] In the same month, the partnership previewed its first title, FX Fighter, at Consumer Electronics Show in Las Vegas.
Experiencing difficulties in the video game market and with the Telecommunications Act of 1996 putting a pinch on GTE due to deregulation, the division began to steadily lay off staff.
[4] Failing to find a buyer or partner, the division announced in January 1997 that it would lay off 85 employees and cease operations on March 14, 1997.
[7] Citing hardships in the entire CD-ROM market, Dick Nordman, finance director for GTE's New Ventures group in Irving, Texas, explained, "In the beginning, the idea was that we wanted to get into the content business.