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CNN Live At Daybreak

RIAA Files Suits Against Alleged Music Swappers

Aired September 09, 2003 - 06:15   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: Time now to get some business buzz. Some music lovers are singing the blues.
Joya Dass is at the Nasdaq market site with the details on the latest battle in this music downloading.

It's just up and down, isn't it, over the past couple days?

JOYA DASS, CNN FINANCIAL NEWS CORRESPONDENT: It's turned into quite the soap opera. It certainly has.

Well, the music industry is not taking this lying down. The Recording Industry Association of America is fighting back and this time with 261 lawsuits against anyone who is engaged in this music Internet file swapping. This is expected. It was -- it's probably the first in a round of lawsuits that we expect to see on this particular account.

But you know, remember that the industry has really been seeing a decline in CD sales since about the year 2000. And they say it's about 30 percent, all in all, and they blame it because of all of these folks that have been doing this Internet file swapping of music.

So they are not only doing this, but they are also offering amnesty to those who have -- that have engaged in this activity. So that means that if you have downloaded about a thousand plus songs onto your computer and you promise to delete all of those files and never do it again, they are not going to crack down on you.

Keep in mind, of course, there have been some legal ways to download music that have cropped up in the last year or so. Apple iTunes is the one that comes to mind right off the bat and you can download songs there for about 99 cents each. So I guess there's other ways to get around it, right?

WHITFIELD: And that's a bargain. All right, thanks.

DASS: Especially if you want to get some Rolling Stones. Remember we talked about that a couple of weeks ago?

WHITFIELD: Yes. All right. Thanks a lot -- Joya.

DASS: You bet.

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 September 9, 2003 - 06:15   ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
FREDRICKA WHITFIELD, CNN ANCHOR: Time now to get some business buzz. Some music lovers are singing the blues.
Joya Dass is at the Nasdaq market site with the details on the latest battle in this music downloading.

It's just up and down, isn't it, over the past couple days?

JOYA DASS, CNN FINANCIAL NEWS CORRESPONDENT: It's turned into quite the soap opera. It certainly has.

Well, the music industry is not taking this lying down. The Recording Industry Association of America is fighting back and this time with 261 lawsuits against anyone who is engaged in this music Internet file swapping. This is expected. It was -- it's probably the first in a round of lawsuits that we expect to see on this particular account.

But you know, remember that the industry has really been seeing a decline in CD sales since about the year 2000. And they say it's about 30 percent, all in all, and they blame it because of all of these folks that have been doing this Internet file swapping of music.

So they are not only doing this, but they are also offering amnesty to those who have -- that have engaged in this activity. So that means that if you have downloaded about a thousand plus songs onto your computer and you promise to delete all of those files and never do it again, they are not going to crack down on you.

Keep in mind, of course, there have been some legal ways to download music that have cropped up in the last year or so. Apple iTunes is the one that comes to mind right off the bat and you can download songs there for about 99 cents each. So I guess there's other ways to get around it, right?

WHITFIELD: And that's a bargain. All right, thanks.

DASS: Especially if you want to get some Rolling Stones. Remember we talked about that a couple of weeks ago?

WHITFIELD: Yes. All right. Thanks a lot -- Joya.

DASS: You bet.

TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com