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CNN Live At Daybreak

Rhapsody Gets Rights to Rolling Stones Music

Aired August 18, 2003 - 06:47   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.


FREDRICKA WHITFIELD, CNN ANCHOR: Well time to get some business buzz now. Rolling Stones fans are finally getting some legal online satisfaction.
Let's get more on that from Joya Dass at the Nasdaq market site.

Joya, what's that all about?

JOYA DASS, CNN FINANCIAL NEWS CORRESPONDENT: Well, would you say you are a Rolling Stones fan? If you -- if you are, you are actually going to be able to download their songs for the first time legally on Rhapsody, which is an online music service that is provided by RealNetworks. Now this is legal and you are going to be able to get some favorites such as "Brown Sugar" and "Angie."

Now there is actually a fee associated with this. You're going to have to pay a 79 cent a pop fee for each of these songs that you download from the subscriber's service. But they are the latest big name act that's going to be featured on one of these online musical -- music services. Some of the big name acts that have held out so far are Led Zeppelin as well as the Beatles.

And there is the other silver lining in this story is this that RealNetworks is actually joining forces with Best Buy, the consumer electronics retailer. So, if you go into a Best Buy, you can get a 14-day trial of Rhapsody, for those of you that are mind boggled by this whole downloading process. I know I am. And you can actually try out this service for 14-days free and you can check out some of these Rolling Stone songs, which doesn't sound like a bad deal.

WHITFIELD: Not a bad deal at all. I'm intrigued.

All right, well let's look ahead and talk about the futures.

DASS: Well the futures markets are pointing to a higher opening for stocks today. And you know this is going to be the first day that we're going to be able to really see a full day of trading where folks are going to be able to assess exactly what the damage was from the blackout of last week.

Now keep in mind, of course, Friday was an extremely light volume day as a lot of folks couldn't even get into work. That being said, the Dow and Nasdaq did manage to eke out very small gains. And we really saw some of those alternative fuel stocks do very, very well. So we're going to see if maybe we're going to see a little retracement in some of those gains today. And then we're also checking on some of the nation's biggest retailers. Toys 'R' Us and Lowe's are both going to be reporting today so let's see what they have to say about their latest quarter.

WHITFIELD: All right, we'll be looking for that. Thanks a lot. Joya Dass, have a great morning.

DASS: 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 August 18, 2003 - 06:47   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
FREDRICKA WHITFIELD, CNN ANCHOR: Well time to get some business buzz now. Rolling Stones fans are finally getting some legal online satisfaction.
Let's get more on that from Joya Dass at the Nasdaq market site.

Joya, what's that all about?

JOYA DASS, CNN FINANCIAL NEWS CORRESPONDENT: Well, would you say you are a Rolling Stones fan? If you -- if you are, you are actually going to be able to download their songs for the first time legally on Rhapsody, which is an online music service that is provided by RealNetworks. Now this is legal and you are going to be able to get some favorites such as "Brown Sugar" and "Angie."

Now there is actually a fee associated with this. You're going to have to pay a 79 cent a pop fee for each of these songs that you download from the subscriber's service. But they are the latest big name act that's going to be featured on one of these online musical -- music services. Some of the big name acts that have held out so far are Led Zeppelin as well as the Beatles.

And there is the other silver lining in this story is this that RealNetworks is actually joining forces with Best Buy, the consumer electronics retailer. So, if you go into a Best Buy, you can get a 14-day trial of Rhapsody, for those of you that are mind boggled by this whole downloading process. I know I am. And you can actually try out this service for 14-days free and you can check out some of these Rolling Stone songs, which doesn't sound like a bad deal.

WHITFIELD: Not a bad deal at all. I'm intrigued.

All right, well let's look ahead and talk about the futures.

DASS: Well the futures markets are pointing to a higher opening for stocks today. And you know this is going to be the first day that we're going to be able to really see a full day of trading where folks are going to be able to assess exactly what the damage was from the blackout of last week.

Now keep in mind, of course, Friday was an extremely light volume day as a lot of folks couldn't even get into work. That being said, the Dow and Nasdaq did manage to eke out very small gains. And we really saw some of those alternative fuel stocks do very, very well. So we're going to see if maybe we're going to see a little retracement in some of those gains today. And then we're also checking on some of the nation's biggest retailers. Toys 'R' Us and Lowe's are both going to be reporting today so let's see what they have to say about their latest quarter.

WHITFIELD: All right, we'll be looking for that. Thanks a lot. Joya Dass, have a great morning.

DASS: 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