Since the traditional recorded-music business models have drastically changed, there is truly diminished income derived from recorded music by artists - both current and catalog. The touring industry has become much more important as a majority revenue stream and the ancillary fan experiences and promotions that may be derived from it.

A lot of people refer to power as shooting a loaded gun. When you have to shoot the gun, you've lost the power. Other people's knowledge of your gun should be enough.

Since the traditional recorded-music business models have drastically changed, there is truly diminished income derived from recorded music by artists - both current and catalog. The touring industry has become much more important as a majority revenue stream and the ancillary fan experiences and promotions that may be derived from it.

I don't want to not be important.

Recorded music is more a marketing tool than a revenue source.

History shows fans want consolidation; you see it across the web every place. The big players are people like Google, Amazon, eBay, Facebook.

I'm proud to be involved with Simon Cowell and 'X Factor.