NEWS. HELLO AND WELCOME. I'M ALEXIS CHRISTOFOROUS TODAY I'M ALEXIS CHRISTOFOROUS TODAY ON "ABC NEWS LIVE" THE RACE ON "ABC NEWS LIVE" THE RACE TO PASS A DEAL ON THE DEBT TO PASS A DEAL ON THE DEBT CEILING AND AVOID A POTENTIAL CEILING AND AVOID A POTENTIAL CATASTROPHIC DEFAULT. CATASTROPHIC DEFAULT. WHAT'S IN AND WHAT'S OUT OF WHAT'S IN AND WHAT'S OUT OF THE AGREEMENT AND HOW EACH THE AGREEMENT AND HOW EACH PARTY PLANS TO SELL IT TO ITS PARTY PLANS TO SELL IT TO ITS MEMBERS. MEMBERS. AND AN APARTMENT BUILDING AND AN APARTMENT BUILDING PARTIALLY COLLAPSING IN IOWA. PARTIALLY COLLAPSING IN IOWA. THE LATEST ON THE RESCUE THE LATEST ON THE RESCUE EFFORTS AND WHAT WE'RE LEARNING EFFORTS AND WHAT WE'RE LEARNING ABOUT THE CAUSE. ABOUT THE CAUSE. PLUS, THE GROWING MARKET FOR PLUS, THE GROWING MARKET FOR MUSIC RIGHTS. MUSIC RIGHTS. WHY MORE ARTISTS ARE SELLING WHY MORE ARTISTS ARE SELLING THEIR CATALOGS TO SECURE THEIR CATALOGS TO SECURE A MAJOR PAYDAY AND HELP A MAJOR PAYDAY AND HELP PRESERVE THEIR LEGACIES PRESERVE THEIR LEGACIES AND GETTING AWAY DURING AND GETTING AWAY DURING THE SUMMER. THE SUMMER. WE'RE GOING TO BREAK DOWN WE'RE GOING TO BREAK DOWN THE TRAVEL TIPS YOU NEED THE TRAVEL TIPS YOU NEED TO KNOW BEFORE YOU BOOK TO KNOW BEFORE YOU BOOK YOUR NEXT FLIGHT. YOUR NEXT FLIGHT. BUT WE BEGIN IN WASHINGTON, BUT WE BEGIN IN WASHINGTON, WHERE A BREAKTHROUGH AGREEMENT WHERE A BREAKTHROUGH AGREEMENT ON THE DEBT CEILING HAS BEEN ON THE DEBT CEILING HAS BEEN REACHED. REACHED. BUT IT'S NOT A DONE DEAL YET. BUT IT'S NOT A DONE DEAL YET. PRESIDENT BIDEN AND REPUBLICAN PRESIDENT BIDEN AND REPUBLICAN HOUSE SPEAKER KEVIN MCCARTHY HOUSE SPEAKER KEVIN MCCARTHY NOW WORKING TO SELL IT NOW WORKING TO SELL IT TO MEMBERS OF THEIR PARTIES. TO MEMBERS OF THEIR PARTIES. BOTH SIDES ACKNOWLEDGING BOTH SIDES ACKNOWLEDGING THEY HAD TO MAKE COMPROMISES IN THEY HAD TO MAKE COMPROMISES IN THE BILL AS THEY RACED TO PASS THE BILL AS THEY RACED TO PASS IT THROUGH CONGRESS. IT THROUGH CONGRESS. WE HAVE TEAM COVERAGE WE HAVE TEAM COVERAGE WITH ELIZABETH QOSI AT WITH ELIZABETH QOSI AT THE WHITE HOUSE, ALONG WITH JAY THE WHITE HOUSE, ALONG WITH JAY O'BRIEN IN OUR D.C. BUREAU. O'BRIEN IN OUR D.C. BUREAU. SO, ELIZABETH , WHAT IS IN THIS SO, ELIZABETH , WHAT IS IN THIS DEAL AND WHAT WERE SOME OF DEAL AND WHAT WERE SOME OF THE KEY COMPROMISES LIKE THIS? THE KEY COMPROMISES LIKE THIS? WELL, THE TOP LINE IS THAT THIS WELL, THE TOP LINE IS THAT THIS IS A DEAL THAT WILL SUSPEND IS A DEAL THAT WILL SUSPEND THE DEBT CEILING, BASICALLY THE DEBT CEILING, BASICALLY SOLVE THE PROBLEM OF THE U.S. SOLVE THE PROBLEM OF THE U.S. NOT BEING ABLE TO PAY ITS BILLS NOT BEING ABLE TO PAY ITS BILLS FOR AT LEAST TWO YEARS UNTIL FOR AT LEAST TWO YEARS UNTIL JANUARY 1ST, 2020 FIVE , WHILE JANUARY 1ST, 2020 FIVE , WHILE ALSO LIMITING SOME GOVERNMENT ALSO LIMITING SOME GOVERNMENT SPENDING. SPENDING. NOW, GENERALLY, WHEN WE DIG NOW, GENERALLY, WHEN WE DIG INTO THE TEXT OF THIS INTO THE TEXT OF THIS NINETY NINE PAGE BILL , WE SEE NINETY NINE PAGE BILL , WE SEE THAT OVERALL SPENDING IS MOSTLY THAT OVERALL SPENDING IS MOSTLY FLAT FOR NEXT YEAR, WHILE FLAT FOR NEXT YEAR, WHILE DEFENSE SPENDING WOULD GO UP, DEFENSE SPENDING WOULD GO UP, THERE ARE 20 BILLION DOLLARS IN THERE ARE 20 BILLION DOLLARS IN FUNDING FOR THE IRS THAT WOULD FUNDING FOR THE IRS THAT WOULD CUT COVID RELIEF MONEY WOULD CUT COVID RELIEF MONEY WOULD BE CLAWED BACK SOCIAL SECURITY BE CLAWED BACK SOCIAL SECURITY ,MEDICARE AND VETERANS ,MEDICARE AND VETERANS BENEFITS WOULD ALL STAY INTACT. BENEFITS WOULD ALL STAY INTACT. NOW, ONE , THE BIG STICKING NOW, ONE , THE BIG STICKING POINTS WAS OVER WORK POINTS WAS OVER WORK REQUIREMENTS FOR SOME FEDERAL REQUIREMENTS FOR SOME FEDERAL AID PROGRAMS. AID PROGRAMS. THERE ARE SOME NEW REQUIREMENTS THERE ARE SOME NEW REQUIREMENTS FOR RECIPIENTS OF FOOD FOR RECIPIENTS OF FOOD ASSISTANCE RAISING THE AGE ASSISTANCE RAISING THE AGE THRESHOLD UP TO 50 FOR. THRESHOLD UP TO 50 FOR. BUT ULTIMATELY, BOTH SIDES ARE BUT ULTIMATELY, BOTH SIDES ARE SAYING THAT THEY DIDN'T SAYING THAT THEY DIDN'T GET EVERYTHING THAT THEY WANTED GET EVERYTHING THAT THEY WANTED HERE, ACKNOWLEDGING THAT HERE, ACKNOWLEDGING THAT CONCESSIONS WERE MADE, BUT ALSO CONCESSIONS WERE MADE, BUT ALSO SAYING THAT THIS IS A DEAL THAT SAYING THAT THIS IS A DEAL THAT PREVENTS THAT DIRE SCENARIO OF PREVENTS THAT DIRE SCENARIO OF A CATASTROPHIC DEBT DEFAULT, A CATASTROPHIC DEBT DEFAULT, WHICH NEITHER SIDE WANTED WHICH NEITHER SIDE WANTED TO HAVE AT THE END OF THE DAY. TO HAVE AT THE END OF THE DAY. >> ALEXIS SUJOY, HOW ARE >> ALEXIS SUJOY, HOW ARE DEMOCRATS AND REPUBLICANS GOING DEMOCRATS AND REPUBLICANS GOING TO SELL THIS DEAL TO CONGRESS? TO SELL THIS DEAL TO CONGRESS? I MEAN, WHO'S PUTTING UP I MEAN, WHO'S PUTTING UP THE BIGGEST FIGHT AT THIS THE BIGGEST FIGHT AT THIS POINT? POINT? >> YEAH, THAT NOTION THAT >> YEAH, THAT NOTION THAT ELIZABETH JUST THAT HAVE BOTH ELIZABETH JUST THAT HAVE BOTH SIDES NOT NECESSARILY GETTING SIDES NOT NECESSARILY GETTING ALL THAT THEY WANTED. ALL THAT THEY WANTED. IT MEANS THAT THE PRINCIPALS IT MEANS THAT THE PRINCIPALS HERE, PRESIDENT BIDEN HERE, PRESIDENT BIDEN AND SPEAKER MCCARTHY, ARE GOING AND SPEAKER MCCARTHY, ARE GOING TO HAVE TO WHIP VOTES. TO HAVE TO WHIP VOTES. THEY'RE GOING TO HAVE TO SELL THEY'RE GOING TO HAVE TO SELL MEMBERS OF THEIR PARTY ON THIS MEMBERS OF THEIR PARTY ON THIS TO VOTE FOR IT. TO VOTE FOR IT. THE FIRST VOTE IS WEDNESDAY IN THE FIRST VOTE IS WEDNESDAY IN THE HOUSE. THE HOUSE. AND THE PHRASE I KEEP GETTING AND THE PHRASE I KEEP GETTING A LOT FROM CONGRESSIONAL A LOT FROM CONGRESSIONAL DEMOCRATIC SOURCES THAT DEMOCRATIC SOURCES THAT I'M TALKING TO TODAY IS FULL I'M TALKING TO TODAY IS FULL COURT PRESS. COURT PRESS. >> THE WHITE HOUSE PRESSING >> THE WHITE HOUSE PRESSING LAWMAKERS TO BACK THIS DEAL IN LAWMAKERS TO BACK THIS DEAL IN THAT VOTE ON WEDNESDAY. THAT VOTE ON WEDNESDAY. AND THAT'S BECOMING CRUCIAL AND THAT'S BECOMING CRUCIAL BECAUSE WE'RE HEARING FROM AT BECAUSE WE'RE HEARING FROM AT LEAST 10 HOUSE REPUBLICANS LEAST 10 HOUSE REPUBLICANS RIGHT NOW WHO SAY THEY ARE RIGHT NOW WHO SAY THEY ARE LIKELY TO NOT VOTE FOR THIS LIKELY TO NOT VOTE FOR THIS DEAL OR THEY ABSOLUTELY DEAL OR THEY ABSOLUTELY WILL NOT VOTE FOR THIS WILL NOT VOTE FOR THIS DEAL WHEN IT COMES TO A DEAL WHEN IT COMES TO A VOTE BECAUSE THEY DON'T THINK VOTE BECAUSE THEY DON'T THINK THE SPENDING CUTS WENT THE SPENDING CUTS WENT FAR ENOUGH. FAR ENOUGH. >> SO THAT'S THE SITUATION IN >> SO THAT'S THE SITUATION IN THE HOUSE, IN THE SENATE, THIS THE HOUSE, IN THE SENATE, THIS BILL IS EXPECTED TO PASS IF IT BILL IS EXPECTED TO PASS IF IT CAN PASS THE HOUSE AND IT'S CAN PASS THE HOUSE AND IT'S LIKELY TO PASS THE HOUSE LIKELY TO PASS THE HOUSE AS WELL IF THE MODERATES STAY AS WELL IF THE MODERATES STAY TOGETHER. TOGETHER. >> BUT OVER IN THE SENATE, >> BUT OVER IN THE SENATE, THE CONCERN ARE PROCEDURAL THE CONCERN ARE PROCEDURAL HURDLES. HURDLES. THERE ARE SENATORS WHO DO NOT THERE ARE SENATORS WHO DO NOT LIKE WHAT'S IN THIS AGREEMENT LIKE WHAT'S IN THIS AGREEMENT AS WELL ON BOTH SIDES OF AS WELL ON BOTH SIDES OF THE AISLE, THE FRINGES OF BOTH THE AISLE, THE FRINGES OF BOTH PARTIES. PARTIES. AND THEY COULD PUT UP AND THEY COULD PUT UP PROCEDURAL HURDLES THAT COULD PROCEDURAL HURDLES THAT COULD PUSH THIS VOTE BACK. PUSH THIS VOTE BACK. >> ALEXIS . >> ALEXIS . SO WE KNOW THE DATE JAY WAS SO WE KNOW THE DATE JAY WAS MOVED FROM JUNE ONE TO JUNE MOVED FROM JUNE ONE TO JUNE FIVE . FIVE . JUST BREAK DOWN THE TIMELINE JUST BREAK DOWN THE TIMELINE FOR US AS WE MOVE CLOSER FOR US AS WE MOVE CLOSER TO THAT DATE. TO THAT DATE. >> SO THERE ARE INITIAL >> SO THERE ARE INITIAL PROCEDURAL ELEMENTS IN PROCEDURAL ELEMENTS IN THE HOUSE THAT HAPPENED THE HOUSE THAT HAPPENED TOMORROW. TOMORROW. THERE'S THE RULES COMMITTEE. THERE'S THE RULES COMMITTEE. IF IT GOES TO THE RULES IF IT GOES TO THE RULES COMMITTEE, WHICH IS EXPECTED COMMITTEE, WHICH IS EXPECTED TO IT GOES TO THE HOUSE FLOOR TO IT GOES TO THE HOUSE FLOOR AGAIN FOR THAT WEDNESDAY VOTE . AGAIN FOR THAT WEDNESDAY VOTE . IF IT PASSES THE HOUSE IF IT PASSES THE HOUSE ON WEDNESDAY, THEN IT COULD ON WEDNESDAY, THEN IT COULD GO TO THE SENATE AS EARLY GO TO THE SENATE AS EARLY AS THAT SAME DAY. AS THAT SAME DAY. AND THAT'S WHEN THESE AND THAT'S WHEN THESE PROCEDURAL HURDLES MAY COME PROCEDURAL HURDLES MAY COME INTO EFFECT. INTO EFFECT. IF THERE'S ENOUGH OPPOSITION IF THERE'S ENOUGH OPPOSITION FROM SENATORS. FROM SENATORS. AND THAT COULD PUSH A POTENTIAL AND THAT COULD PUSH A POTENTIAL VOTE BACK VERY CLOSE TO THAT VOTE BACK VERY CLOSE TO THAT MONDAY, JUNE 5TH DEADLINE, AT MONDAY, JUNE 5TH DEADLINE, AT LEAST POTENTIALLY INTO LEAST POTENTIALLY INTO THE WEEKEND. THE WEEKEND. THAT IS WHAT MAJORITY LEADER THAT IS WHAT MAJORITY LEADER MITCH SHOULD BE . MITCH SHOULD BE . CHUCK SCHUMER IS WARNING OF. CHUCK SCHUMER IS WARNING OF. >> NOW, THEY WILL PROBABLY TAKE >> NOW, THEY WILL PROBABLY TAKE IT TO THE MAT IF HISTORY IS ANY IT TO THE MAT IF HISTORY IS ANY GUIDE. GUIDE. ELIZABETH , I WANT TO SWITCH ELIZABETH , I WANT TO SWITCH GEARS HERE FOR A MOMENT GEARS HERE FOR A MOMENT AND TALK ABOUT PRESIDENT BIDEN AND TALK ABOUT PRESIDENT BIDEN DELIVERING HIS REMARKS EARLIER DELIVERING HIS REMARKS EARLIER TODAY ON THIS MEMORIAL DAY AT TODAY ON THIS MEMORIAL DAY AT ARLINGTON NATIONAL CEMETERY. ARLINGTON NATIONAL CEMETERY. WE SPOKE WHEN THAT WHEN JUST WE SPOKE WHEN THAT WHEN JUST AFTER HE GAVE THAT SPEECH, IT AFTER HE GAVE THAT SPEECH, IT WAS A PASSIONATE SPEECH IN WAS A PASSIONATE SPEECH IN WHICH HE ALSO DISCUSSED HIS HIS WHICH HE ALSO DISCUSSED HIS HIS LATE SON , BEAU. LATE SON , BEAU. WHAT STUCK OUT TO YOU? WHAT STUCK OUT TO YOU? ALEXIS , AS WE WERE WATCHING ALEXIS , AS WE WERE WATCHING THAT EMOTIONAL CEREMONY? THAT EMOTIONAL CEREMONY? IT REALLY WAS A PASSIONATE IT REALLY WAS A PASSIONATE AND SOMBER MOMENT FOR AND SOMBER MOMENT FOR THE PRESIDENT. THE PRESIDENT. HE REFLECTED ON HIS OWN SON , HE REFLECTED ON HIS OWN SON , BEAU, WHO DIED WILL BE BEAU, WHO DIED WILL BE EIGHT YEARS AGO TO THE DAY EIGHT YEARS AGO TO THE DAY TOMORROW. TOMORROW. HE, OF COURSE, SERVED IN HE, OF COURSE, SERVED IN THE IRAQ WAR. THE IRAQ WAR. AND SO THE PRESIDENT SAID HE AND SO THE PRESIDENT SAID HE HAS HEARTS GO OUT TO ALL HAS HEARTS GO OUT TO ALL FAMILIES WHO HAVE LOST, FALLEN FAMILIES WHO HAVE LOST, FALLEN HEROES. HEROES. >> HERE WAS HIS MESSAGE. >> HERE WAS HIS MESSAGE. THIS MEMORIAL DAY, THE PAIN OF THIS MEMORIAL DAY, THE PAIN OF LOSS IS WITH US . LOSS IS WITH US . >> EVERY DAY, BUT PARTICULARLY >> EVERY DAY, BUT PARTICULARLY SHARP ON MEMORIAL DAY. SHARP ON MEMORIAL DAY. STILL CLEAR TOMORROW. STILL CLEAR TOMORROW. ZOONIVERSE. ZOONIVERSE. SO IS THE PRIDE JULY FEEL IN SO IS THE PRIDE JULY FEEL IN HIS SERVICE. HIS SERVICE. IF I CAN STILL HEAR HIM SAY, IF I CAN STILL HEAR HIM SAY, DAD, IT'S MY DUTY, DAD. DAD, IT'S MY DUTY, DAD. IT'S MY DUTY. IT'S MY DUTY. DUTY. DUTY. >> THAT WAS THE CODE MY SON. >> THAT WAS THE CODE MY SON. >> GOODBYE. >> GOODBYE. AND ALL THOSE WHO LOST LOVED AND ALL THOSE WHO LOST LOVED BY CLEARLY A DAY THAT IS VERY BY CLEARLY A DAY THAT IS VERY CLOSE TO THE PRESIDENT'S HEART. CLOSE TO THE PRESIDENT'S HEART. AS IT IS FOR SO MANY FAMILIES AS IT IS FOR SO MANY FAMILIES ACROSS THE COUNTRY ALEXIS . ACROSS THE COUNTRY ALEXIS . >> INDEED, ELIZABETH CHELSY, >> INDEED, ELIZABETH CHELSY, JAY O'BRIEN, THANK YOU . JAY O'BRIEN, THANK YOU . >> WE WANT TO GET TO THAT >> WE WANT TO GET TO THAT APARTMENT COLLAPSE NOW IN IOWA. APARTMENT COLLAPSE NOW IN IOWA. OFFICIALS SAY THERE ARE NO OFFICIALS SAY THERE ARE NO REPORTED DEATHS. REPORTED DEATHS. ONE PERSON IS RECOVERING AFTER ONE PERSON IS RECOVERING AFTER BEING RESCUED OVERNIGHT WHEN BEING RESCUED OVERNIGHT WHEN PART OF THIS SIX STORY BUILDING PART OF THIS SIX STORY BUILDING CAME CRASHING DOWN YESTERDAY. CAME CRASHING DOWN YESTERDAY. >> SEVEN OTHERS WERE ALSO >> SEVEN OTHERS WERE ALSO RESCUED SOON AFTER THE BUILDING RESCUED SOON AFTER THE BUILDING COLLAPSED. COLLAPSED. >> ALEX PEREZ IS IN DAVENPORT, >> ALEX PEREZ IS IN DAVENPORT, IOWA, WITH THE LATEST IOWA, WITH THE LATEST SARA HAINES PARTIALLY SARA HAINES PARTIALLY COLLAPSED. COLLAPSED. AN URGENT SEARCH AND RESCUE AN URGENT SEARCH AND RESCUE EFFORTS UNDERWAY AFTER A SIX EFFORTS UNDERWAY AFTER A SIX STORY APARTMENT BUILDING STORY APARTMENT BUILDING WITH AS MANY AS 80 UNITS WITH AS MANY AS 80 UNITS PARTIALLY COLLAPSED IN PARTIALLY COLLAPSED IN DAVENPORT. DAVENPORT. ALONE. ALONE. ONE PERSON RESCUED FROM ONE PERSON RESCUED FROM THE RUBBLE BY FIRST RESPONDERS THE RUBBLE BY FIRST RESPONDERS AND HOSPITALIZED. AND HOSPITALIZED. >> WE ARE CURRENTLY FINISHING >> WE ARE CURRENTLY FINISHING THE RESCUE PHASE OF THE RESCUE PHASE OF OUR OPERATION, AND SOON IT OUR OPERATION, AND SOON IT WILL BECOME A RECOVERY WILL BECOME A RECOVERY OPERATION. OPERATION. >> OFFICIALS SAY, THANKFULLY, >> OFFICIALS SAY, THANKFULLY, THEY HAVE NO CREDIBLE REPORTS THEY HAVE NO CREDIBLE REPORTS OF PEOPLE MISSING. OF PEOPLE MISSING. THIS AS CONCERNS OVER THIS AS CONCERNS OVER THE BUILDING'S STABILITY GROW. THE BUILDING'S STABILITY GROW. >> AUTHORITIES WARNING >> AUTHORITIES WARNING RESIDENTS TO AVOID THE AREA. RESIDENTS TO AVOID THE AREA. THE BUILDING JUST COLLAPSED. THE BUILDING JUST COLLAPSED. THE REAR PART OF THE DOWNTOWN THE REAR PART OF THE DOWNTOWN APARTMENT TOWER, WHICH WAS APARTMENT TOWER, WHICH WAS UNDERGOING REPAIRS AFTER UNDERGOING REPAIRS AFTER COMPLAINTS FROM RESIDENTS COMPLAINTS FROM RESIDENTS SUDDENLY CAVING IN. SUDDENLY CAVING IN. >> I'M HOPING AND PRAYING THAT >> I'M HOPING AND PRAYING THAT THE SCREAMS THAT I HEARD WHEN THE SCREAMS THAT I HEARD WHEN THE BUILDING CAME DOWN WAS NOT THE BUILDING CAME DOWN WAS NOT PEOPLE INSIDE OF IT. PEOPLE INSIDE OF IT. >> OFFICIALS SAY THE FIRST >> OFFICIALS SAY THE FIRST CALLS FOR HELP CAME SHORTLY CALLS FOR HELP CAME SHORTLY BEFORE 5:00 P.M. CREWS ALSO BEFORE 5:00 P.M. CREWS ALSO FOUND A LARGE NATURAL GAS LEAK FOUND A LARGE NATURAL GAS LEAK OF WATER LEAKING FROM ALL OF WATER LEAKING FROM ALL FLOORS OF THE STRUCTURE. FLOORS OF THE STRUCTURE. >> FIRE CREWS RESCUING PEOPLE >> FIRE CREWS RESCUING PEOPLE FROM THE AREA OF THE INITIAL FROM THE AREA OF THE INITIAL COLLAPSE AND ESCORTING COLLAPSE AND ESCORTING MORE THAN A DOZEN MORE FROM MORE THAN A DOZEN MORE FROM THE REMAINING BUILDING. THE REMAINING BUILDING. >> I'M HOPING THEY BRING MY DOG >> I'M HOPING THEY BRING MY DOG OUT. OUT. >> SHE'S ALL I GOT. >> SHE'S ALL I GOT. OFFICIALS SAY THE CAUSE OF OFFICIALS SAY THE CAUSE OF THE COLLAPSE IS UNDER THE COLLAPSE IS UNDER INVESTIGATION. INVESTIGATION. >> THEY'RE NOTHING SHORT OF >> THEY'RE NOTHING SHORT OF A MIRACLE THERE THAT THERE WERE A MIRACLE THERE THAT THERE WERE NO FATALITIES. NO FATALITIES. >> MILLIONS OF >> MILLIONS OF AMERICANS HEADING HOME FROM AMERICANS HEADING HOME FROM THE HOLIDAY WEEKEND. THE HOLIDAY WEEKEND. SOME STORMS COULD SOME STORMS COULD ACTUALLY SNARL MEMORIAL DAY ACTUALLY SNARL MEMORIAL DAY PLANS IN PARTS OF THE COUNTRY. PLANS IN PARTS OF THE COUNTRY. ABC NEWS METEOROLOGIST ABC NEWS METEOROLOGIST SOMARA THEODORE. SOMARA THEODORE. HOW'S YOUR MEMORIAL DAY HOW'S YOUR MEMORIAL DAY FORECAST? FORECAST? FOR YOU ? FOR YOU ? SO WHAT CAN WE EXPECT? SO WHAT CAN WE EXPECT? I GUESS IT DEPENDS ON WHERE WE I GUESS IT DEPENDS ON WHERE WE ARE, RIGHT, EXACTLY. ARE, RIGHT, EXACTLY. ALEXIS , AND ONE AREA IN ALEXIS , AND ONE AREA IN PARTICULAR THAT'S JUST BEEN PARTICULAR THAT'S JUST BEEN GETTING HIT HARD ALL WEEKEND GETTING HIT HARD ALL WEEKEND LONG HAS IN THE CAROLINAS INTO LONG HAS IN THE CAROLINAS INTO THE MID-ATLANTIC. THE MID-ATLANTIC. HERE'S A LOOK RIGHT NOW AT HERE'S A LOOK RIGHT NOW AT THE RADAR. THE RADAR. WE STILL HAVE RAIN MAKING ITS WE STILL HAVE RAIN MAKING ITS WAY THROUGH MARYLAND , WAY THROUGH MARYLAND , THE DELMARVA PENINSULA, OUT THE DELMARVA PENINSULA, OUT TOWARDS AREAS LIKE THE BLUE TOWARDS AREAS LIKE THE BLUE RIDGE AND INTO WEST VIRGINIA. RIDGE AND INTO WEST VIRGINIA. BUT THIS IS THE FUTURE, CASS. BUT THIS IS THE FUTURE, CASS. THIS TELLS US , OKAY, THIS THIS TELLS US , OKAY, THIS IS WHAT THE RADAR COULD LOOK IS WHAT THE RADAR COULD LOOK LIKE. LIKE. IN A FEW HOURS. IN A FEW HOURS. SO AS WE HEAD INTO THE EVENING SO AS WE HEAD INTO THE EVENING HOURS, WE'RE STILL SEEING HOURS, WE'RE STILL SEEING SOME SHOWERS, MAYBE EVEN A FEW SOME SHOWERS, MAYBE EVEN A FEW RUMBLES OF THUNDER BUBBLE UP RUMBLES OF THUNDER BUBBLE UP ALONG THE I-95 CORRIDOR. ALONG THE I-95 CORRIDOR. WHEN YOU HIT ARLINGTON AND THEN WHEN YOU HIT ARLINGTON AND THEN HEADED DOWN IN TOWARDS RALEIGH HEADED DOWN IN TOWARDS RALEIGH IN THE CAROLINAS AND THAT IN THE CAROLINAS AND THAT STICKS AROUND THROUGH TONIGHT, STICKS AROUND THROUGH TONIGHT, A FEW SHOWERS POSSIBLY NORTH A FEW SHOWERS POSSIBLY NORTH THERE. THERE. BUT FOR THE MOST PART, BUT FOR THE MOST PART, THE NORTHEAST HAS REMAINED IN THE NORTHEAST HAS REMAINED IN THE DRY ZONE. THE DRY ZONE. THANKS TO A LOT OF DRY AIR THANKS TO A LOT OF DRY AIR CAPPING THE RAIN TO THE SOUTH. CAPPING THE RAIN TO THE SOUTH. TEMPERATURES ARE GOING TO IN TEMPERATURES ARE GOING TO IN THE 90S BY FRIDAY, NOT ONLY FOR THE 90S BY FRIDAY, NOT ONLY FOR ST. LOUIS AND NEW YORK, BUT IN ST. LOUIS AND NEW YORK, BUT IN WASHINGTON, D.C. SO THINGS ARE WASHINGTON, D.C. SO THINGS ARE HEATING UP AS WE HEAD TOWARDS HEATING UP AS WE HEAD TOWARDS THE END OF THE WEEK. THE END OF THE WEEK. ALEXIS , A LITTLE TOO EARLY ALEXIS , A LITTLE TOO EARLY TO GET SO HOT , BUT. TO GET SO HOT , BUT. >> ALL RIGHT. >> ALL RIGHT. SO I'LL TAKE IT. SO I'LL TAKE IT. >> THEODORE, THANK YOU . >> THEODORE, THANK YOU . COMING UP, HOW TO FIND THE BEST COMING UP, HOW TO FIND THE BEST DEALS THAT COMES TO BOOKING DEALS THAT COMES TO BOOKING YOUR SUMMER TRAVEL AND MORE YOUR SUMMER TRAVEL AND MORE ARTISTS CHOOSING TO GIVE UP ARTISTS CHOOSING TO GIVE UP CONTROL OF THEIR MUSIC CONTROL OF THEIR MUSIC BY SELLING THEIR MUSIC BY SELLING THEIR MUSIC CATALOGS. CATALOGS. WHILE THE FINANCIAL GAIN CAN WHILE THE FINANCIAL GAIN CAN BE IMMENSE. BE IMMENSE. WHAT DOES IT MEAN TO HAVE WHAT DOES IT MEAN TO HAVE SOMEONE ELSE IN CHARGE OF SOMEONE ELSE IN CHARGE OF YOUR LIFE'S WORK? YOUR LIFE'S WORK? OUR PHIL LIPOF TAKES A CLOSER OUR PHIL LIPOF TAKES A CLOSER LOOK WHEN WE COME BACK . LOOK WHEN WE COME BACK . Y SATURDAY Y SATURDAY ON "ABC NEWS LIVE". ON "ABC NEWS LIVE". >> I FAVORITE. >> I FAVORITE. >> WELCOME BACK. >> WELCOME BACK. A GROWING TREND IS SWEEPING A GROWING TREND IS SWEEPING THROUGH THE MUSIC INDUSTRY. THROUGH THE MUSIC INDUSTRY. MORE ARTISTS ARE SELLING MORE ARTISTS ARE SELLING THE RIGHTS TO THEIR MUSIC THE RIGHTS TO THEIR MUSIC CATALOGS. CATALOGS. THEY'RE PUTTING YOUR MUSIC IN THEY'RE PUTTING YOUR MUSIC IN THE HANDS OF A TEAM WHO WILL THE HANDS OF A TEAM WHO WILL MANAGE THEIR LEGACY FOR YEARS MANAGE THEIR LEGACY FOR YEARS TO COME. TO COME. >> BUT THE MOVE ALSO COMES >> BUT THE MOVE ALSO COMES WITH RISKS. WITH RISKS. OUR PHIL LIPOF SPOKE OUR PHIL LIPOF SPOKE WITH INDUSTRY LEGENDS ABOUT WHY WITH INDUSTRY LEGENDS ABOUT WHY MORE AND MORE ARTISTS ARE DOING MORE AND MORE ARTISTS ARE DOING IT ANYWAY. IT ANYWAY. >> FOR ALMOST 50 YEARS, AIR >> FOR ALMOST 50 YEARS, AIR SUPPLY HAS BEEN PUTTING OUT SUPPLY HAS BEEN PUTTING OUT ANTHEMIC LOVE SONGS ANTHEMIC LOVE SONGS WITH SOARING LYRICS AND BOLD WITH SOARING LYRICS AND BOLD VOCALS. VOCALS. >> GRAHAM RUSSELL AND RUSSELL >> GRAHAM RUSSELL AND RUSSELL HITCHCOCK HAVE ARGUABLY HITCHCOCK HAVE ARGUABLY CORNERED THE MARKET ON THE BIG CORNERED THE MARKET ON THE BIG 80S LOVE BALLAD CASE IN POINT, 80S LOVE BALLAD CASE IN POINT, LOST IN LOVE, LOST TIME MAKING LOST IN LOVE, LOST TIME MAKING LOVE OUT OF NOTHING AT ALL LOVE OUT OF NOTHING AT ALL ON AND ALL OUT OF LOVE, LOVE. ON AND ALL OUT OF LOVE, LOVE. >> I'M SO LOST THAT THOSE SONGS >> I'M SO LOST THAT THOSE SONGS AND SO MANY OTHERS STRIKING AND SO MANY OTHERS STRIKING A CHORD GENERATION AFTER A CHORD GENERATION AFTER GENERATION. GENERATION. >> YOU CAN SEE THE FIRST >> YOU CAN SEE THE FIRST TEN ROWS AND THEY'RE IN TEARS. TEN ROWS AND THEY'RE IN TEARS. I'M CRYING OR THEY'RE LAUGHING I'M CRYING OR THEY'RE LAUGHING AND YOU CAN SEE THAT IT'S SO AND YOU CAN SEE THAT IT'S SO INTENSE AND THEY'RE FOLLOWING INTENSE AND THEY'RE FOLLOWING AND EVERY WORD. AND EVERY WORD. >> AND TO US THAT'S A GREAT >> AND TO US THAT'S A GREAT RESPONSIBILITY. RESPONSIBILITY. LIKE AIR SUPPLY. LIKE AIR SUPPLY. THE LATE WHITNEY HOUSTON'S THE LATE WHITNEY HOUSTON'S LEGACY LIVES ON THROUGH HER LEGACY LIVES ON THROUGH HER MUSIC. MUSIC. BORN IN NEW JERSEY, KNOWN BORN IN NEW JERSEY, KNOWN WORLDWIDE, HOUSTON'S POWERFUL WORLDWIDE, HOUSTON'S POWERFUL ONCE IN A GENERATION VOICE ONCE IN A GENERATION VOICE CHURNING OUT HIT AFTER HIT FROM CHURNING OUT HIT AFTER HIT FROM DANCE TRACKS TO BEAUTIFUL DANCE TRACKS TO BEAUTIFUL BALLADS FOR ALMOST BALLADS FOR ALMOST THREE DECADES. THREE DECADES. >> GREATEST LOVE OF ALL. >> GREATEST LOVE OF ALL. >> RAY. >> RAY. >> I WANT TO DANCE >> I WANT TO DANCE WITH SOMEBODY. WITH SOMEBODY. AND OF COURSE AND BUT 11 YEARS AND OF COURSE AND BUT 11 YEARS AFTER HER DEATH, IT'S UP TO PAT AFTER HER DEATH, IT'S UP TO PAT HOUSTON TO PRESERVE WHITNEY'S HOUSTON TO PRESERVE WHITNEY'S LEGACY. LEGACY. I HONOR AND RESPECT I HONOR AND RESPECT THE POSITION THAT I'M IN AS A THE POSITION THAT I'M IN AS A FRIEND. FRIEND. COOPER FOR HER LEGACY. COOPER FOR HER LEGACY. >> PAT IS WHITNEY'S SISTER IN >> PAT IS WHITNEY'S SISTER IN LAW. LAW. AND FORMER MANAGER AND NOW AND FORMER MANAGER AND NOW THE EXECUTOR OF HER ESTATE. THE EXECUTOR OF HER ESTATE. HER TALENT WAS SUCH HER TALENT WAS SUCH A WONDERMENT AND THE FACT THAT A WONDERMENT AND THE FACT THAT THEY'RE STILL LISTENING TO HER THEY'RE STILL LISTENING TO HER MUSIC AND STILL INTERESTED IN MUSIC AND STILL INTERESTED IN HER BRAND, IT'S VERY POWERFUL. HER BRAND, IT'S VERY POWERFUL. >> WHITNEY'S ESTATE AND AIR >> WHITNEY'S ESTATE AND AIR SUPPLY HAVE MORE THAN JUST HUGE SUPPLY HAVE MORE THAN JUST HUGE HITS IN COMMON. HITS IN COMMON. NEITHER FULLY OWNS THEIR MUSIC NEITHER FULLY OWNS THEIR MUSIC CATALOGS ANYMORE AND THEY ARE CATALOGS ANYMORE AND THEY ARE NOT ALONE. NOT ALONE. A COLLECTION OF MAJOR ARTISTS A COLLECTION OF MAJOR ARTISTS HAVE GONE ON TO SELL ALL OR HAVE GONE ON TO SELL ALL OR PART OF THEIR CATALOGS PART OF THEIR CATALOGS AND ESPECIALLY POPULAR TREND AND ESPECIALLY POPULAR TREND OVER THE LAST SEVERAL YEARS. OVER THE LAST SEVERAL YEARS. >> ARTISTS, CREATORS, OWNERS OF >> ARTISTS, CREATORS, OWNERS OF THE COPYRIGHT CAN SLICE THE COPYRIGHT CAN SLICE AND DICE THESE CATALOGS IN AND DICE THESE CATALOGS IN A MILLION DIFFERENT WAYS. A MILLION DIFFERENT WAYS. SOMETIMES THEY'LL JUST SELL SOMETIMES THEY'LL JUST SELL THE PUBLISHING, SOMETIMES THE PUBLISHING, SOMETIMES THEY'LL JUST SELL THE RECORDED THEY'LL JUST SELL THE RECORDED MUSIC, WRITES. MUSIC, WRITES. BRUCE SPRINGSTEEN REPORTEDLY BRUCE SPRINGSTEEN REPORTEDLY SOLD HIS CATALOG TO SONY FOR SOLD HIS CATALOG TO SONY FOR MORE THAN HALF A BILLION MORE THAN HALF A BILLION DOLLARS. DOLLARS. OTHER LEGENDS HAVE SOLD ALL OR OTHER LEGENDS HAVE SOLD ALL OR PART OF THEIR CATALOG AS WELL, PART OF THEIR CATALOG AS WELL, LIKE BOB DYLAN, NEIL YOUNG, LIKE BOB DYLAN, NEIL YOUNG, STEVIE NICKS, AND DAVID BOWIE, STEVIE NICKS, AND DAVID BOWIE, AND MORE MODERN ARTISTS LIKE AND MORE MODERN ARTISTS LIKE JUSTIN TIMBERLAKE, AND JOHN JUSTIN TIMBERLAKE, AND JOHN LEGEND. LEGEND. EVEN JUSTIN BIEBER AT JUST EVEN JUSTIN BIEBER AT JUST 28 YEARS OLD, REPORTEDLY SOLD 28 YEARS OLD, REPORTEDLY SOLD HIS CATALOG FOR A STAGGERING HIS CATALOG FOR A STAGGERING TWO HUNDRED MILLION DOLLARS. TWO HUNDRED MILLION DOLLARS. >> MUSIC CATALOGS ARE VERY >> MUSIC CATALOGS ARE VERY COMPLICATED. COMPLICATED. ASSET VALUE CHANGES ALL ASSET VALUE CHANGES ALL THE TIME. THE TIME. >> IT FLUCTUATES. >> IT FLUCTUATES. SO WHY DO IT FOR MORE SEASONED SO WHY DO IT FOR MORE SEASONED ARTISTS? ARTISTS? >> IT CAN HELP WITH ESTATE >> IT CAN HELP WITH ESTATE PLANNING. PLANNING. THEY DON'T HAVE TO WORRY ABOUT THEY DON'T HAVE TO WORRY ABOUT WHAT THEIR HEIRS ARE GOING WHAT THEIR HEIRS ARE GOING TO DO WITH THIS VERY TO DO WITH THIS VERY COMPLICATED ASSET OF A SONG COMPLICATED ASSET OF A SONG CATALOG. CATALOG. >> BUT THEN THERE'S >> BUT THEN THERE'S TAYLOR SWIFT FAMOUSLY TAYLOR SWIFT FAMOUSLY RERECORDING HER ENTIRE CATALOG RERECORDING HER ENTIRE CATALOG TO MAINTAIN RIGHTS OVER HER TO MAINTAIN RIGHTS OVER HER WORK AFTER THE RECORDINGS OF WORK AFTER THE RECORDINGS OF HER FIRST SIX ALBUMS WERE SOLD HER FIRST SIX ALBUMS WERE SOLD WITHOUT HER CONSENT. WITHOUT HER CONSENT. >> I THINK THAT ARTISTS DESERVE >> I THINK THAT ARTISTS DESERVE TO OWN THEIR WORK. TO OWN THEIR WORK. I JUST FEEL VERY PASSIONATELY I JUST FEEL VERY PASSIONATELY ABOUT THAT. ABOUT THAT. >> SHE'S SORT OF THE RISING >> SHE'S SORT OF THE RISING TIDE LIFTS ALL BOATS BECAUSE, TIDE LIFTS ALL BOATS BECAUSE, YES, ALL OF THIS WAS IN HER YES, ALL OF THIS WAS IN HER SELF-INTEREST. SELF-INTEREST. BUT SHE HAS EDUCATED COUNTLESS BUT SHE HAS EDUCATED COUNTLESS MUSICIANS AND COUNTLESS FANS MUSICIANS AND COUNTLESS FANS ABOUT THE VALUE OF OWNING ABOUT THE VALUE OF OWNING YOUR OWN CREATIVE WORK. YOUR OWN CREATIVE WORK. >> STILL, THE THINKING AT AN >> STILL, THE THINKING AT AN ARTIST IS SELLING OUT ARTIST IS SELLING OUT BY SELLING THEIR WORK SEEMS BY SELLING THEIR WORK SEEMS TO BE COMING TO AN END. TO BE COMING TO AN END. >> BOB DYLAN SOLD HIS CATALOG. >> BOB DYLAN SOLD HIS CATALOG. IF THOSE SONGS AREN'T SACRED, IF THOSE SONGS AREN'T SACRED, YOU KNOW AS MUCH AS YOU CAN SAY YOU KNOW AS MUCH AS YOU CAN SAY THAT ABOUT A POPULAR SONG, WHAT THAT ABOUT A POPULAR SONG, WHAT IS SOLD AND WHO'S BUYING THESE IS SOLD AND WHO'S BUYING THESE CATALOGS AND WHAT ARE CATALOGS AND WHAT ARE THEY DOING WITH THEM? THEY DOING WITH THEM? >> TWENTY SIX . >> TWENTY SIX . YEAH, THAT KURT COBAIN WAS HUGE YEAH, THAT KURT COBAIN WAS HUGE . . >> IT WAS LARRY MESTA WAS >> IT WAS LARRY MESTA WAS THE FOUNDER AND CEO OF PRIMARY THE FOUNDER AND CEO OF PRIMARY WAVE. WAVE. THE PUBLISHING AND MANAGEMENT THE PUBLISHING AND MANAGEMENT COMPANY OWNS A PERCENTAGE OF COMPANY OWNS A PERCENTAGE OF AIR SUPPLY AND WHITNEY AIR SUPPLY AND WHITNEY HOUSTON'S CATALOGS, AS WELL HOUSTON'S CATALOGS, AS WELL AS STEVIE NICKS, PRINCE AS STEVIE NICKS, PRINCE BOB MARLEY, JAMES BROWN, DEF BOB MARLEY, JAMES BROWN, DEF LEPPARD, AND KURT COBAIN, JUST LEPPARD, AND KURT COBAIN, JUST TO NAME A FEW. TO NAME A FEW. >> SO WHY IN 2006, DID >> SO WHY IN 2006, DID YOU DECIDE TO START ON THIS YOU DECIDE TO START ON THIS PATH IN THE MUSIC INDUSTRY? PATH IN THE MUSIC INDUSTRY? A LOT OF THESE LEGENDARY A LOT OF THESE LEGENDARY AND ICONIC ARTISTS, WHICH AND ICONIC ARTISTS, WHICH IS WHAT WE SPECIALIZE IN, WE'RE IS WHAT WE SPECIALIZE IN, WE'RE WE'RE NOT BEING FOCUSED ON BY WE'RE NOT BEING FOCUSED ON BY THEIR MAJOR LABELS. THEIR MAJOR LABELS. PRIMARY WAVE RARELY EVER BUYS PRIMARY WAVE RARELY EVER BUYS 100% OF AN ARTIST'S CATALOG. 100% OF AN ARTIST'S CATALOG. >> AND THAT'S BECAUSE LARRY >> AND THAT'S BECAUSE LARRY WANTS TO CREATE AND BUILD WANTS TO CREATE AND BUILD PARTNERSHIPS. PARTNERSHIPS. WE DO NOT CREATE WE DO NOT WE DO NOT CREATE WE DO NOT MARKET WITHOUT AN ARTIST MARKET WITHOUT AN ARTIST APPROVAL. APPROVAL. >> YOU COULD SEE SOME OF >> YOU COULD SEE SOME OF THE THINGS WE'VE DONE FOR THE THINGS WE'VE DONE FOR WHITNEY, FOR BOB MARLEY, ALICE WHITNEY, FOR BOB MARLEY, ALICE COOPER, THE WALLS OF PRIMARY COOPER, THE WALLS OF PRIMARY WAVE PROUDLY LIST WAVE PROUDLY LIST THE COMPANIES, ARTISTS AND THE THE COMPANIES, ARTISTS AND THE PROJECTS THEY'VE COLLABORATED. PROJECTS THEY'VE COLLABORATED. >> WHEN LARRY'S TALKING ABOUT >> WHEN LARRY'S TALKING ABOUT THESE RELATIONSHIPS, HE CREATES THESE RELATIONSHIPS, HE CREATES WITH THE ARTISTS, THESE WITH THE ARTISTS, THESE PARTNERSHIPS, SOMETIMES IT'S PARTNERSHIPS, SOMETIMES IT'S TO BUILD ON THE REPUTATION, TO BUILD ON THE REPUTATION, BUILD ON THE BRAND. BUILD ON THE BRAND. FOR INSTANCE, WHITNEY HOUSTON, FOR INSTANCE, WHITNEY HOUSTON, A LINE OF MAC COSMETICS, HER A LINE OF MAC COSMETICS, HER OWN PERFUME, THE HOUSTON ESTATE OWN PERFUME, THE HOUSTON ESTATE AND PRIMARY WAVE BEGAN WORKING AND PRIMARY WAVE BEGAN WORKING TOGETHER IN 2019. TOGETHER IN 2019. >> WE'VE DONE A BIOGRAPHICAL >> WE'VE DONE A BIOGRAPHICAL FILM. FILM. >> WE HAVE A NEW GOSPEL ALBUM. >> WE HAVE A NEW GOSPEL ALBUM. WE HAVE A BROADWAY SHOW IN WE HAVE A BROADWAY SHOW IN DEVELOPMENT. DEVELOPMENT. IT HAS TO FEEL RIGHT AND I IT HAS TO FEEL RIGHT AND I WOULD NOT DO ANYTHING THAT WOULD NOT DO ANYTHING THAT I DIDN'T THINK SHE WOULD I DIDN'T THINK SHE WOULD BE PROUD OF. BE PROUD OF. >> ONE OF THE FIRST MEETINGS >> ONE OF THE FIRST MEETINGS WITH HOUSTON'S ESTATE WITH HOUSTON'S ESTATE AND PRIMARY WAVE INVOLVED GOING AND PRIMARY WAVE INVOLVED GOING THROUGH HER OLD RECORDS, WE THROUGH HER OLD RECORDS, WE FOUND A TRACK DEEP IN THE VAULT FOUND A TRACK DEEP IN THE VAULT CALLED HIGHER LOVE, AND ONE OF CALLED HIGHER LOVE, AND ONE OF MY CREATIVES GOT KEIGO VERY MY CREATIVES GOT KEIGO VERY QUICKLY TO REMIX A RECORD. QUICKLY TO REMIX A RECORD. >> IT WAS VERY ENERGETIC AND WE >> IT WAS VERY ENERGETIC AND WE JUST FELT THAT IT WOULD MAKE JUST FELT THAT IT WOULD MAKE A MAJOR RUN THAT DID A MAJOR RUN THAT DID THE RESULT. THE RESULT. >> A CHART TOPPING SONG >> A CHART TOPPING SONG SEVEN YEARS AFTER HOUSTON'S SEVEN YEARS AFTER HOUSTON'S DEATH, REINTRODUCING A NEW DEATH, REINTRODUCING A NEW GENERATION TO HER INCREDIBLE GENERATION TO HER INCREDIBLE TALENT. TALENT. >> HER BRAND, UNFORTUNATELY, >> HER BRAND, UNFORTUNATELY, WAS TARNISHED BY A LOT OF WAS TARNISHED BY A LOT OF ISSUES. ISSUES. AND SO WE SAID , LOOK, WE HAVE AND SO WE SAID , LOOK, WE HAVE TO BRING THE CONVERSATION TO BRING THE CONVERSATION BACK TO MUSIC. BACK TO MUSIC. >> AIR SUPPLY HAS ALSO EMBRACED >> AIR SUPPLY HAS ALSO EMBRACED THE PARTNERSHIP, INCLUDING THIS THE PARTNERSHIP, INCLUDING THIS TRIPLE A , AND I'M HONORED TRIPLE A , AND I'M HONORED BY MY OWN INSURANCE. BY MY OWN INSURANCE. >> BUT I DID TAKE SOME TIME FOR >> BUT I DID TAKE SOME TIME FOR THEM TO FEEL COMFORTABLE THEM TO FEEL COMFORTABLE WITH IT. WITH IT. >> FIRST, WE SAID NO, WE DON'T >> FIRST, WE SAID NO, WE DON'T WANT TO DO THAT. WANT TO DO THAT. SONGWRITERS AND RECORDING SONGWRITERS AND RECORDING ARTISTS SHOULD OWN THEIR OWN ARTISTS SHOULD OWN THEIR OWN CATALOG AND THEIR SONGS. CATALOG AND THEIR SONGS. BUT WE STARTED TO THINK ABOUT BUT WE STARTED TO THINK ABOUT IT AND IT STARTED TO MAKE SENSE IT AND IT STARTED TO MAKE SENSE OF IT. OF IT. >> SELLING THE CATALOG AS A >> SELLING THE CATALOG AS A MATTER OF TIMING FOR PRIMARY MATTER OF TIMING FOR PRIMARY WAVE, IT WILL TAKE YEARS OF WAVE, IT WILL TAKE YEARS OF SUCCESS FOR LARRY TO CONSIDER SUCCESS FOR LARRY TO CONSIDER AN ACQUISITION. AN ACQUISITION. >> WE'RE NOT INTERESTED IN >> WE'RE NOT INTERESTED IN BRAND NEW ACTS WHERE THE INCOME BRAND NEW ACTS WHERE THE INCOME STREAMS ARE JUST COMING DOWN STREAMS ARE JUST COMING DOWN AND YOU JUST CAN'T HELP MARKET AND YOU JUST CAN'T HELP MARKET DECLINE. DECLINE. >> BUT SOMETIMES THOSE SONGS >> BUT SOMETIMES THOSE SONGS CAN UNEXPECTEDLY SELL CAN UNEXPECTEDLY SELL THEMSELVES. THEMSELVES. IT'S LIKE WHEN DREAMS IT'S LIKE WHEN DREAMS BY FLEETWOOD MAC SUDDENLY BY FLEETWOOD MAC SUDDENLY BECAME A TIKTOK SENSATION, BECAME A TIKTOK SENSATION, SENDING THE SONG BACK TO THE SENDING THE SONG BACK TO THE TOP OF THE CHARTS IN 2020. TOP OF THE CHARTS IN 2020. >> DID YOU HAVE ANY HAND IN >> DID YOU HAVE ANY HAND IN THIS CASE FOR GUYS? THIS CASE FOR GUYS? >> CAN I TELL YOU I'M GOING >> CAN I TELL YOU I'M GOING TO SAY THIS OFTEN, RIGHT? TO SAY THIS OFTEN, RIGHT? BETTER TO BE LUCKY THAN GOOD. BETTER TO BE LUCKY THAN GOOD. >> MOMENTS LIKE THAT ARE >> MOMENTS LIKE THAT ARE UNEXPECTED. UNEXPECTED. AND FOR ARTISTS IT CAN BE A AND FOR ARTISTS IT CAN BE A GAMBLE TO SELL THEIR CATALOGS GAMBLE TO SELL THEIR CATALOGS IN THE EVENT THEY BECOME EVEN IN THE EVENT THEY BECOME EVEN MORE VALUABLE OVER TIME. MORE VALUABLE OVER TIME. >> IF THE AIR STARTS TO COME >> IF THE AIR STARTS TO COME OUT, THE CATALOG MARKET, PEOPLE OUT, THE CATALOG MARKET, PEOPLE WILL THINK, OKAY, I SOLD IT WILL THINK, OKAY, I SOLD IT A REALLY GOOD TIME. A REALLY GOOD TIME. CONVERSELY, IF THINGS CONTINUE CONVERSELY, IF THINGS CONTINUE TO HEAT UP, THEY'LL BE LIKE, OH TO HEAT UP, THEY'LL BE LIKE, OH ,I SHOULD HAVE WAITED. ,I SHOULD HAVE WAITED. >> WHETHER THE ARTIST SELLS >> WHETHER THE ARTIST SELLS THEIR CATALOG OR RERECORD IT. THEIR CATALOG OR RERECORD IT. BOTTOM LINE IS , IT'S, YOU KNOW BOTTOM LINE IS , IT'S, YOU KNOW ,IT ALL ENDS UP WITH THE ,IT ALL ENDS UP WITH THE PERSON WHO WRITES SONGS. PERSON WHO WRITES SONGS. >> DO YOU WANT TO DO IT OR ARE >> DO YOU WANT TO DO IT OR ARE YOU DONE WITH AIR SUPPLY? YOU DONE WITH AIR SUPPLY? THAT'S GRAND. THAT'S GRAND. AND HE SAYS IT WAS TIME FOR AND HE SAYS IT WAS TIME FOR THOSE HANDS TO LET GO . THOSE HANDS TO LET GO . I THINK PEOPLE WILL LISTEN I THINK PEOPLE WILL LISTEN TO SOME OF OUR MUSIC FOR A LOT TO SOME OF OUR MUSIC FOR A LOT LONGER AFTER WE AFTER WE DIE. LONGER AFTER WE AFTER WE DIE. I REALLY DO. I REALLY DO. BUT THIS WILL MAKE IT EVEN BUT THIS WILL MAKE IT EVEN LONGER. LONGER. I THINK THE SONGS WILL ALWAYS I THINK THE SONGS WILL ALWAYS BE MINE BECAUSE THEY'RE MY BE MINE BECAUSE THEY'RE MY BABIES. BABIES. BUT WHY NOT LET THEM GO INTO BUT WHY NOT LET THEM GO INTO THE UNIVERSE AND SPREAD THE UNIVERSE AND SPREAD THEIR WINGS AND SPREAD THEIR WINGS AND SPREAD THEIR WINGS? THEIR WINGS? >> YOU KNOW WHAT I MEAN? >> YOU KNOW WHAT I MEAN? FASCINATING. FASCINATING. LOTS OF GOOD TUNES THEY ARE, LOTS OF GOOD TUNES THEY ARE, THANKS TO PHIL LIPOF FOR THAT. THANKS TO PHIL LIPOF FOR THAT. >> AND COMING UP, HOW TO FIND >> AND COMING UP, HOW TO FIND THE BEST DEALS WHEN IT COMES THE BEST DEALS WHEN IT COMES TO BOOKING YOUR SUMMER TRAVEL. TO BOOKING YOUR SUMMER TRAVEL. STAY WITH US. STAY WITH US. , , "ABC NEWS LIVE". "ABC NEWS LIVE". >> WELCOME BACK. >> WELCOME BACK. THE MEMORIAL DAY TRAVEL RUSH THE MEMORIAL DAY TRAVEL RUSH IS IN FULL SWING. IS IN FULL SWING. MILLIONS ARE HEADING HOME TODAY MILLIONS ARE HEADING HOME TODAY AFTER THE HOLIDAY WEEKEND. AFTER THE HOLIDAY WEEKEND. THIS AFTER TSA SAID IT HIT ITS THIS AFTER TSA SAID IT HIT ITS HIGHEST CHECKPOINT VOLUME OF HIGHEST CHECKPOINT VOLUME OF THE YEAR FRIDAY, SCREENING THE YEAR FRIDAY, SCREENING MORE THAN TWO POINT MORE THAN TWO POINT SEVEN MILLION PASSENGERS AT SEVEN MILLION PASSENGERS AT AIRPORTS ACROSS THE COUNTRY, AIRPORTS ACROSS THE COUNTRY, MANAGING EDITOR FOR NEWS AT MANAGING EDITOR FOR NEWS AT THE POINT GUY CLINT HENDERSON. THE POINT GUY CLINT HENDERSON. JOINING ME NOW FOR MORE ON JOINING ME NOW FOR MORE ON THIS. THIS. SO, CLINT, JUST WHY THIS UPTICK SO, CLINT, JUST WHY THIS UPTICK IN TRAVELERS THIS YEAR IN IN TRAVELERS THIS YEAR IN PARTICULAR? PARTICULAR? >> SO I THINK YOU'RE SEEING >> SO I THINK YOU'RE SEEING PENT UP DEMAND AND A PENT UP DEMAND AND A COMBINATION OF THAT, ALONG COMBINATION OF THAT, ALONG WITH FOLKS WHO JUST HAVEN'T WITH FOLKS WHO JUST HAVEN'T TRAVELED IN SEVERAL YEARS. TRAVELED IN SEVERAL YEARS. THEY'RE EXCITED TO HIT THE ROAD THEY'RE EXCITED TO HIT THE ROAD AND NO ONE'S WORRIED ABOUT AND NO ONE'S WORRIED ABOUT CORONAVIRUS ANYMORE. CORONAVIRUS ANYMORE. SO ALL THOSE PEOPLE WHO ARE SO ALL THOSE PEOPLE WHO ARE STAYING HOME BECAUSE THEY WERE STAYING HOME BECAUSE THEY WERE PARANOID ARE OUT AND ABOUT PARANOID ARE OUT AND ABOUT AND EVERYBODY DECIDED DURING AND EVERYBODY DECIDED DURING THE PANDEMIC THAT WHAT THE PANDEMIC THAT WHAT THEY WERE GOING TO DO WHEN THEY WERE GOING TO DO WHEN THEY WERE NOT COOPED UP AT HOME THEY WERE NOT COOPED UP AT HOME ANYMORE WAS GOING TO TRAVEL. ANYMORE WAS GOING TO TRAVEL. AND THEY DON'T CARE HOW MUCH IT AND THEY DON'T CARE HOW MUCH IT COSTS. COSTS. THEY DON'T CARE HOW BIG THEY DON'T CARE HOW BIG THE CROWDS ARE. THE CROWDS ARE. THEY ARE DETERMINED TO TRAVEL THEY ARE DETERMINED TO TRAVEL THIS SUMMER. THIS SUMMER. AND YOU'RE SEEING THAT IN AND YOU'RE SEEING THAT IN THE CROWDS. THE CROWDS. YOU'RE SEEING THAT IN PRICES YOU'RE SEEING THAT IN PRICES AND YOU'RE SEEING THAT IN AND YOU'RE SEEING THAT IN TRAFFIC. TRAFFIC. >> WELL, CERTAINLY WITH THE >> WELL, CERTAINLY WITH THE LARGE NUMBER OF TRAVELERS COMES LARGE NUMBER OF TRAVELERS COMES POTENTIAL NIGHTMARES. POTENTIAL NIGHTMARES. FLIGHTS ARE CANCELED OR DELAYS, FLIGHTS ARE CANCELED OR DELAYS, I MUST SAY, OVER THE MEMORIAL I MUST SAY, OVER THE MEMORIAL DAY HOLIDAY. DAY HOLIDAY. THINGS HAVE BEEN GOING PRETTY THINGS HAVE BEEN GOING PRETTY SMOOTHLY. SMOOTHLY. I HOPE I DIDN'T JINX ANYTHING. I HOPE I DIDN'T JINX ANYTHING. BUT WHAT CAN PEOPLE DO BUT WHAT CAN PEOPLE DO TO MITIGATE TRAVEL HEADACHES TO MITIGATE TRAVEL HEADACHES THROUGHOUT THE SUMMER? THROUGHOUT THE SUMMER? >> YES. >> YES. >> SO I THINK THE FIRST THING >> SO I THINK THE FIRST THING YOU WANT TO DO IS GIVE YOURSELF YOU WANT TO DO IS GIVE YOURSELF EXTRA TIME. EXTRA TIME. I THINK WE WERE EXTRAORDINARILY I THINK WE WERE EXTRAORDINARILY LUCKY WITH THE WEATHER THIS LUCKY WITH THE WEATHER THIS WEEKEND AND THE AIRLINES HAVE WEEKEND AND THE AIRLINES HAVE ALSO REALLY STEPPED UP, ALSO REALLY STEPPED UP, ESPECIALLY COMPARED TO LAST ESPECIALLY COMPARED TO LAST SUMMER AND CHRISTMAS PERIOD. SUMMER AND CHRISTMAS PERIOD. SO I THINK THERE'S MORE PILOTS, SO I THINK THERE'S MORE PILOTS, THERE'S MORE AIRPORT WORKERS, THERE'S MORE AIRPORT WORKERS, THERE'S MORE FLIGHT ATTENDANTS. THERE'S MORE FLIGHT ATTENDANTS. BUT WE'RE STILL DEALING WITH A BUT WE'RE STILL DEALING WITH A SHORTAGE OF AIR TRAFFIC SHORTAGE OF AIR TRAFFIC CONTROLLERS. CONTROLLERS. SO FOLKS SHOULD STAY ON GUARD. SO FOLKS SHOULD STAY ON GUARD. I WOULD GIVE YOURSELF EXTRA I WOULD GIVE YOURSELF EXTRA TIME AT THE AIRPORT, TIME AT THE AIRPORT, GIVE YOURSELF EXTRA TIME JUST GIVE YOURSELF EXTRA TIME JUST IN CASE. IN CASE. I KNOW THERE'S BEEN SOME SCENES I KNOW THERE'S BEEN SOME SCENES OF REALLY LONG LINES AT OF REALLY LONG LINES AT AIRPORTS LIKE AUSTIN. AIRPORTS LIKE AUSTIN. SO YOU JUST WANT TO GIVE SO YOU JUST WANT TO GIVE YOURSELF EXTRA TIME IN GENERAL YOURSELF EXTRA TIME IN GENERAL RIGHT NOW. RIGHT NOW. >> AND LOTS OF PEOPLE PLANNING >> AND LOTS OF PEOPLE PLANNING THEIR SUMMER GETAWAYS. THEIR SUMMER GETAWAYS. >> WHAT TIPS DO YOU HAVE FOR >> WHAT TIPS DO YOU HAVE FOR FINDING THE BEST AIRFARE DEAL ? FINDING THE BEST AIRFARE DEAL ? >> WELL, FIRST, I WOULD SAY >> WELL, FIRST, I WOULD SAY IT'S NOT TOO LATE. IT'S NOT TOO LATE. YOU CAN STILL FIND GOOD DEALS. YOU CAN STILL FIND GOOD DEALS. I WILL SAY PRICES ON AVERAGE I WILL SAY PRICES ON AVERAGE ARE SLIGHTLY LOWER THAN ARE SLIGHTLY LOWER THAN THEY WERE LAST SUMMER FOR THEY WERE LAST SUMMER FOR DOMESTIC TRIPS. DOMESTIC TRIPS. BUT PRICES FOR INTERNATIONAL BUT PRICES FOR INTERNATIONAL ARE EXORBITANT. ARE EXORBITANT. THINGS HAVE GOTTEN TOTALLY THINGS HAVE GOTTEN TOTALLY CRAZY, LIKE TWO THOUSAND CRAZY, LIKE TWO THOUSAND FOUR COACH TO EUROPE. FOUR COACH TO EUROPE. BUT THERE ARE ALTERNATIVES. BUT THERE ARE ALTERNATIVES. SO IF YOU'RE IF YOU'RE FEELING SO IF YOU'RE IF YOU'RE FEELING ADVENTUROUS, GO WHERE THE U.S. ADVENTUROUS, GO WHERE THE U.S. DOLLAR IS STRONG. DOLLAR IS STRONG. GO TO PLACES LIKE TURKEY , LIKE GO TO PLACES LIKE TURKEY , LIKE COLOMBIA, CENTRAL SOUTH COLOMBIA, CENTRAL SOUTH AMERICA, SOUTHEAST ASIA. AMERICA, SOUTHEAST ASIA. YOU GOT TO GO TO PLACES THAT YOU GOT TO GO TO PLACES THAT ARE NOT SUPER CROWDED, NOT ARE NOT SUPER CROWDED, NOT SUPER POPULAR. SUPER POPULAR. IF YOU'RE IF YOU WANT TO GO IF YOU'RE IF YOU WANT TO GO TO PARIS, ROME AND LONDON, TO PARIS, ROME AND LONDON, YOU'RE GOING TO PAY THROUGH YOU'RE GOING TO PAY THROUGH THE NOSE FOR THOSE PLACES. THE NOSE FOR THOSE PLACES. BUT I WILL SAY THERE ARE STILL BUT I WILL SAY THERE ARE STILL FLIGHT DEALS TO BE HAD. FLIGHT DEALS TO BE HAD. AT THE POINTS GUY. AT THE POINTS GUY. WE PUBLISH A DEAL JUST ABOUT WE PUBLISH A DEAL JUST ABOUT EVERY DAY, SIGN UP FOR EVERY DAY, SIGN UP FOR OUR NEWSLETTER THAT JUMP OUR NEWSLETTER THAT JUMP ON THOSE DEALS. ON THOSE DEALS. WHEN YOU SEE THEM. WHEN YOU SEE THEM. THE ENTRY OF LOW COST AIRLINES THE ENTRY OF LOW COST AIRLINES INTO SOME OF THESE MARKETS HAS INTO SOME OF THESE MARKETS HAS DRIVEN PRICES DOWN AND YOU DRIVEN PRICES DOWN AND YOU WILL OCCASIONALLY BE ABLE WILL OCCASIONALLY BE ABLE TO FIND A TICKET EVEN TO PLACES TO FIND A TICKET EVEN TO PLACES LIKE OSLO OR ROME FOR LIKE OSLO OR ROME FOR FIVE HUNDRED DOLLARS. FIVE HUNDRED DOLLARS. >> SO THOSE FLIGHTS ARE OUT >> SO THOSE FLIGHTS ARE OUT THERE. THERE. WELL, THAT SOUNDS PRETTY GOOD. WELL, THAT SOUNDS PRETTY GOOD. SIGN ME UP. SIGN ME UP. ALL RIGHT. ALL RIGHT. CLYDE HENDERSON, THANKS FOR CLYDE HENDERSON, THANKS FOR THE TIPS. THE TIPS. APPRECIATE ANY TIME. APPRECIATE ANY TIME. >> THANK YOU . >> THANK YOU . AND ON THIS MEMORIAL DAY, WE AND ON THIS MEMORIAL DAY, WE WANTED TO TAKE A MOMENT WANTED TO TAKE A MOMENT TO SHINE A LIGHT ON ONE OF TO SHINE A LIGHT ON ONE OF OUR COUNTRY'S VETERANS HONOR OUR COUNTRY'S VETERANS HONOR FLIGHT IS A NATIONAL FLIGHT IS A NATIONAL ORGANIZATION THAT TRANSPORTS ORGANIZATION THAT TRANSPORTS AMERICAN VETERANS TO WASHINGTON AMERICAN VETERANS TO WASHINGTON ,D.C., TO HONOR AND CELEBRATE ,D.C., TO HONOR AND CELEBRATE THEM FOR THEIR SERVICE. THEM FOR THEIR SERVICE. LAST WEEK, HOWARD FOSTER, LAST WEEK, HOWARD FOSTER, A NAVY THAT DURING WORLD WAR A NAVY THAT DURING WORLD WAR TWO WAS HONORED IN OUR NATION'S TWO WAS HONORED IN OUR NATION'S CAPITOL FOR HIS ENLISTMENT CAPITOL FOR HIS ENLISTMENT TODAY. TODAY. WE DO HAVE OUR OWN WORLD WAR WE DO HAVE OUR OWN WORLD WAR TWO VETERAN, MR. HOWARD FOSTER. TWO VETERAN, MR. HOWARD FOSTER. WELCOME TO THE TOMORROW. WELCOME TO THE TOMORROW. I WAS IN A MOVIE HOUSE WATCHING I WAS IN A MOVIE HOUSE WATCHING A MOVIE AND THEY SHOT THE MOVIE A MOVIE AND THEY SHOT THE MOVIE ON AND MANAGER CAME OUT ON AND MANAGER CAME OUT ON THE STAGE AND HE SAID , ON THE STAGE AND HE SAID , WELL, JAPAN HAS JUST ATTACKED WELL, JAPAN HAS JUST ATTACKED THE UNITED STATES . THE UNITED STATES . THAT WAS THE BEGINNING OF IT THAT WAS THE BEGINNING OF IT FOR ME. FOR ME. >> HOWARD IS 94 YEARS OLD. >> HOWARD IS 94 YEARS OLD. SERVED NINETEEN FORTY SIX TO SERVED NINETEEN FORTY SIX TO NINETEEN FORTY EIGHT IN NINETEEN FORTY EIGHT IN THE NAVY AND HE WAS STATIONED THE NAVY AND HE WAS STATIONED IN FLORIDA THE WHOLE TIME. IN FLORIDA THE WHOLE TIME. >> THANK YOU FOR YOUR SERVICE. >> THANK YOU FOR YOUR SERVICE. REALLY? REALLY? YOU'RE WELCOME. YOU'RE WELCOME. ALL RIGHT. ALL RIGHT. I DON'T KNOW. I DON'T KNOW. BIG STORY HERE. BIG STORY HERE. THANK YOU . THANK YOU . MY MOTHER, SHE HAD 13 CHILDREN MY MOTHER, SHE HAD 13 CHILDREN . . I WAS NUMBER 11 OF 13 . I WAS NUMBER 11 OF 13 . I WENT TO THE NAVY TO HELP HER I WENT TO THE NAVY TO HELP HER SUPPORT THE FAMILY. SUPPORT THE FAMILY. SHE HAD TO SIGN FOR ME TO GO SHE HAD TO SIGN FOR ME TO GO BECAUSE I WAS ONLY 17. BECAUSE I WAS ONLY 17. I SAID, I'M GOING TO SEND I SAID, I'M GOING TO SEND MY BACK HOME TO YOU. MY BACK HOME TO YOU. >> I WAS A FEW DAYS BEFORE >> I WAS A FEW DAYS BEFORE I WAS TOTALLY SURPRISED TO HAVE I WAS TOTALLY SURPRISED TO HAVE TO GO THROUGH ALL OF THIS. TO GO THROUGH ALL OF THIS. I'M VERY THANKFUL. I'M VERY THANKFUL. THANK YOU . THANK YOU . MY HEART IS FULL OF LOVE FOR MY HEART IS FULL OF LOVE FOR THIS COUNTRY. THIS COUNTRY. FOR ALL THE PEOPLE OF THIS FOR ALL THE PEOPLE OF THIS COUNTRY. COUNTRY. >> AN AMAZING LEGACY THERE >> AN AMAZING LEGACY THERE BY HOWARD FOSTER AND OUR THANKS BY HOWARD FOSTER AND OUR THANKS TO ALL OF OUR VETERANS FOR TO ALL OF OUR VETERANS FOR YOUR SERVICE AND YOUR YOUR SERVICE AND YOUR SACRIFICE. SACRIFICE. AND THANK YOU FOR STREAMING AND THANK YOU FOR STREAMING WITH US. WITH US. >> TIME ALEXIS CHRISTOFOROUS. >> TIME ALEXIS CHRISTOFOROUS. YOU CAN ALWAYS FIND US ON HULU YOU CAN ALWAYS FIND US ON HULU ,ROKU, THE ABC NEWS APP, ,ROKU, THE ABC NEWS APP, AND OF COURSE, ON ABCNEWS.COM. AND OF COURSE, ON ABCNEWS.COM. WE WANT TO LEAVE YOU WITH WE WANT TO LEAVE YOU WITH ANOTHER SHOT NOW OF ANOTHER SHOT NOW OF PRESIDENT BIDEN LAYING A WREATH PRESIDENT BIDEN LAYING A WREATH AT THE TRAIL OF THE UNKNOWN AT THE TRAIL OF THE UNKNOWN SOLDIER EARLIER TODAY AT SOLDIER EARLIER TODAY AT ARLINGTON NATIONAL CEMETERY. ARLINGTON NATIONAL CEMETERY. AS WE HONOR OUR FALLEN MILITARY AS WE HONOR OUR FALLEN MILITARY HEROES ON THIS MEMORIAL DAY