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CNN Live At Daybreak
Disney's On Demand Service Provides 10 Movies for $6.99/Month
Aired September 29, 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.
CAROL COSTELLO, CNN ANCHOR: Time for a little business buzz right now. Disney plans to invade living rooms everywhere soon with a new type of on-demand entertainment system. Are you curious?
Well Carrie Lee has all of the answers from the Nasdaq market site.
What's this about -- Carrie?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, Carol, Disney starting today is going to launch a new type of service called Movie Beam. And this let's users view movies on-demand from a device that sits on top of their televisions.
Now here's how it works. According to published reports, consumers are going to pay about $7 a month for the device. It plugs into the back of your television. And it also contains a hard drive that holds approximately 100 movies. So this Movie Beam product is then going to regularly fresh -- refresh the box with digital movies.
Now the service is going to be launched initially in Salt Lake City, in Spokane, Washington, as well as Jacksonville, Florida. They are going to roll this out nationally next year. And then Disney is going to test out a $29.99 activation fee in one of these markets.
Now it's not just Disney films, and this is a key point, Movie Beam also has deals to carry movies from all of the major studios with the exception of Paramount Pictures. The cost, by the way, about $4.00 for new release films, about $2.50 for older films and you can watch the movies for a 24-hour period, Carol. So gives people some flexibility in watching new release films at home.
COSTELLO: Yes, what a great idea.
Quick look at the futures before you have to go.
LEE: Yes, futures look flat to slightly higher this Monday. Of course we saw a lot of selling yesterday. One key bit of economic data coming out, personal income and spending before the opening bell telling us how much money people have earned and then spent for the month of August. And we'll see how the rest of the trading week plays out. Of course corporate profits on about a lot of investor's minds for this week, too, coming up.
COSTELLO: All right. Carrie Lee, live from the Nasdaq market site, 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
$6.99/Month>
Aired September 29, 2003 - 06:47 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 right now. Disney plans to invade living rooms everywhere soon with a new type of on-demand entertainment system. Are you curious?
Well Carrie Lee has all of the answers from the Nasdaq market site.
What's this about -- Carrie?
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Well, Carol, Disney starting today is going to launch a new type of service called Movie Beam. And this let's users view movies on-demand from a device that sits on top of their televisions.
Now here's how it works. According to published reports, consumers are going to pay about $7 a month for the device. It plugs into the back of your television. And it also contains a hard drive that holds approximately 100 movies. So this Movie Beam product is then going to regularly fresh -- refresh the box with digital movies.
Now the service is going to be launched initially in Salt Lake City, in Spokane, Washington, as well as Jacksonville, Florida. They are going to roll this out nationally next year. And then Disney is going to test out a $29.99 activation fee in one of these markets.
Now it's not just Disney films, and this is a key point, Movie Beam also has deals to carry movies from all of the major studios with the exception of Paramount Pictures. The cost, by the way, about $4.00 for new release films, about $2.50 for older films and you can watch the movies for a 24-hour period, Carol. So gives people some flexibility in watching new release films at home.
COSTELLO: Yes, what a great idea.
Quick look at the futures before you have to go.
LEE: Yes, futures look flat to slightly higher this Monday. Of course we saw a lot of selling yesterday. One key bit of economic data coming out, personal income and spending before the opening bell telling us how much money people have earned and then spent for the month of August. And we'll see how the rest of the trading week plays out. Of course corporate profits on about a lot of investor's minds for this week, too, coming up.
COSTELLO: All right. Carrie Lee, live from the Nasdaq market site, 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
$6.99/Month>
