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CNN Live At Daybreak
Disney Makes Movie Distribution Deal With Movielink
Aired July 24, 2003 - 06:40 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz now. Magic carpet rides, quality time in the jungle, Disney is bringing it to your own computer.
Let's get the scoop from Carrie Lee live in New York.
Tell us about it -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: OK, Carol.
That's right, Disney is signing a deal with Movielink, stepping into the Internet age. And this is the last company to really ink a deal with Movielink putting its films online available for downloading. So really getting into the Internet age here.
Now this means that all of your favorites, including the recent "Finding Nemo," which a lot of people have enjoyed, "Chicago," "Frieda," "Gangs of New York," films like this and many more, will not only be released on DVD, but on the Internet through Movielink. Now other movies that will be available include films from Walt Disney Pictures, Miramax, Touchstone and Dimension. So a pretty big deal here.
Movielink was launched in November of 2002. It's basically a venture among the film studios of media companies, including AOL Time Warner, which is of course the parent of CNN, Viacom and Sony, Vivendi Universal and MGM. So you get the idea here, Carol, that going to the movies physically not only the only option for people these days. Things are really starting to change.
COSTELLO: Well that's good, because it's expensive to go to the movies, frankly, $10 in some places.
LEE: Definitely in New York. And you know it kind of makes it easier. If people have young children or if they just want to take it easy, relax from home, the whole nesting trend that we're still seeing, seeing a part of over the past couple of years, just gives somebody another option, which is always a good thing.
COSTELLO: Exactly. A quick look at the futures.
LEE: Yes, we've seen a little choppiness this morning, but things still do look pretty positive. Once again, it's going to be all about profits. We're waiting to hear from AT&T as well as SBC Communications and International Paper. All three of these companies are Dow components and they're all reporting before the opening bell this morning -- Carol. COSTELLO: All right. Carrie Lee, live from New York, many thanks.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired July 24, 2003 - 06:40 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz now. Magic carpet rides, quality time in the jungle, Disney is bringing it to your own computer.
Let's get the scoop from Carrie Lee live in New York.
Tell us about it -- Carrie.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: OK, Carol.
That's right, Disney is signing a deal with Movielink, stepping into the Internet age. And this is the last company to really ink a deal with Movielink putting its films online available for downloading. So really getting into the Internet age here.
Now this means that all of your favorites, including the recent "Finding Nemo," which a lot of people have enjoyed, "Chicago," "Frieda," "Gangs of New York," films like this and many more, will not only be released on DVD, but on the Internet through Movielink. Now other movies that will be available include films from Walt Disney Pictures, Miramax, Touchstone and Dimension. So a pretty big deal here.
Movielink was launched in November of 2002. It's basically a venture among the film studios of media companies, including AOL Time Warner, which is of course the parent of CNN, Viacom and Sony, Vivendi Universal and MGM. So you get the idea here, Carol, that going to the movies physically not only the only option for people these days. Things are really starting to change.
COSTELLO: Well that's good, because it's expensive to go to the movies, frankly, $10 in some places.
LEE: Definitely in New York. And you know it kind of makes it easier. If people have young children or if they just want to take it easy, relax from home, the whole nesting trend that we're still seeing, seeing a part of over the past couple of years, just gives somebody another option, which is always a good thing.
COSTELLO: Exactly. A quick look at the futures.
LEE: Yes, we've seen a little choppiness this morning, but things still do look pretty positive. Once again, it's going to be all about profits. We're waiting to hear from AT&T as well as SBC Communications and International Paper. All three of these companies are Dow components and they're all reporting before the opening bell this morning -- Carol. COSTELLO: All right. Carrie Lee, live from New York, many thanks.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
