Arthur Fogel operates in his own league. He is a maverick that has earned the respect of superstar artists because he religiously strives to maximize revenue for the artist while delivering a world-class service.

Most artists are making more money on tours than from CDs. That's why ticket prices and the cost of business went up. ... We don't voluntarily go out and write bigger checks.

2004 was considered a low year, ... didn't sell out. ...We asked a lot of questions, and price seemed to be the No. 1 barrier to consumers' choices.

The good news is that concert consumer spending is miniscule compared to total entertainment spending, so there's a lot of room to grow.

We wish Arn the best in his new endeavor. We look forward to continued positive interactions.

Aside from his obvious touring expertise and success, ... Arthur is someone that has the rare combination of strategic and creative processing, which is an invaluable combination in this business and something I tap into often as we continue to evolve our global business strategy.