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CNN Live At Daybreak
Wal-Mart to Launch Online Music Store
Aired November 13, 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.
CAROL COSTELLO, CNN ANCHOR: Time now, though, for a little 'Business Buzz.' Do you want to download country music hits? Well soon you will be able to log onto Wal-Mart.com and click and that's not all.
Carrie Lee has more on stories of Wal-Mart live from the Nasdaq market site.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Thanks, Carol.
A lot happening surrounding Wal-Mart today. Let me start with "The Wall Street Journal" report today saying that Wal-Mart plans to launch an online music store as soon as next week. The retailer will have about 200,000 song titles available for downloading and the songs are expected to cost less than the customary 99 cents a song charged by competitors such as Apple Computer's iTunes Music Store.
Wal-Mart is going to try to distinguish itself by offering titles in categories its competitors lack or skimp on. For example, the song list is expected to be heavy with high profile country music stars. The online market is expected to account for about 1.4 billion, or roughly 11 percent, of the music industry's sales within three years and that's according to Forrester Research. Wal-Mart is not commenting on the specifics to this story.
Now also in other Wal-Mart news, Playboy.com's Women of Wal-Mart has gone live, showcasing six of Wal-Mart's sexiest female employees who dared to shed their uniforms for the online pictorial. Wal-Mart hasn't been too excited about this. Person there says that the picture pictorial is in poor taste but that individuals are free to do what they want. Of course the irony to this, Carol, is that Wal-Mart has put covers on some women's magazines it's deemed too racy, banned some men's magazines outright, and now here are six of the employees baring it all.
Back to you.
COSTELLO: I don't even know what to say, so I won't say anything.
LEE: OK.
COSTELLO: Carrie Lee live from the Nasdaq market site.
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 November 13, 2003 - 06:15 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time now, though, for a little 'Business Buzz.' Do you want to download country music hits? Well soon you will be able to log onto Wal-Mart.com and click and that's not all.
Carrie Lee has more on stories of Wal-Mart live from the Nasdaq market site.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Thanks, Carol.
A lot happening surrounding Wal-Mart today. Let me start with "The Wall Street Journal" report today saying that Wal-Mart plans to launch an online music store as soon as next week. The retailer will have about 200,000 song titles available for downloading and the songs are expected to cost less than the customary 99 cents a song charged by competitors such as Apple Computer's iTunes Music Store.
Wal-Mart is going to try to distinguish itself by offering titles in categories its competitors lack or skimp on. For example, the song list is expected to be heavy with high profile country music stars. The online market is expected to account for about 1.4 billion, or roughly 11 percent, of the music industry's sales within three years and that's according to Forrester Research. Wal-Mart is not commenting on the specifics to this story.
Now also in other Wal-Mart news, Playboy.com's Women of Wal-Mart has gone live, showcasing six of Wal-Mart's sexiest female employees who dared to shed their uniforms for the online pictorial. Wal-Mart hasn't been too excited about this. Person there says that the picture pictorial is in poor taste but that individuals are free to do what they want. Of course the irony to this, Carol, is that Wal-Mart has put covers on some women's magazines it's deemed too racy, banned some men's magazines outright, and now here are six of the employees baring it all.
Back to you.
COSTELLO: I don't even know what to say, so I won't say anything.
LEE: OK.
COSTELLO: Carrie Lee live from the Nasdaq market site.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
