Jim says this deal could potentially become a huge new revenue stream for Apple (AAPL). If other labels do the same, Jim thinks there could be billions of additional downloads.
Jim adds, “This deal is a rising tide that floats all boats. Everybody wins.”
Tim Strazzini says the deal shows how desperate EMI (EMIPY) is… and in the near term EMI will see a further decline in sales.
Jim adds last year the record industry sold 20 billion songs with no DRM (digital rights protection) protection.
Eric Bolling says the only trade here is to own Apple (AAPL).
Tim Strazzini agrees that Apple is the biggest winner and, he says, intellectual property stocks might get a little cheaper as a result.
Guy Adami adds that investors should “take it downstream” and own content provider Viacom (VIA).
Jeff Macke likes Guy’s stock recommendation, and echoes that investors should buy the content providers.
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On APR 2, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Bolling Owns (ICE), (NMX), (DIS) , Gold, Silver, Pali Capital Is A Market Maker In (NIHD), Pali Capital Is A Market Maker In (NEWC), Strazzini owns (T), WWE Programs Air On SciFi And USA, Networks Of NBC Universal, NBC Universal Is The Parent Company Of CNBC