To turn $100 into $110 is work. To turn 100 million into $110 million is inevitable.

And since discriminating fans can pick and choose exactly what they want to buy, artists and their labels are more conscious than they've ever been of making sure that every song on a new album is as good as can be.

Frankly, right is right and wrong is wrong, particularly when a parent is talking to a child. A bright line around moral responsibility is very important.

To turn $100 into $110 is work. To turn 100 million into $110 million is inevitable.

It's interesting that the book publishing industry, on the iPad, has much more flexibility than the music industry had.

The iPod made music mobile, but today, how many devices do you need to walk around with? You want it on just one. And inevitably that's going to be the phone.

If you look at the market cap increase in Apple since it created the iPod versus what's happened to the music industry, you have to say Apple got the better part of that deal.