It was imperative that we assembled a group of people who were truly committed to the business and getting it through thick and thin. People probably don't recollect quite how difficult it was for the company to attract good talent and keep them motivated.

People always say that when something like this happens, you either get better or you get worse. I reckon I'm going to get worse.

The main thing is we operate as a business.

The wonderful thing about the business now is that more people have the ability to create and exploit their own material. It's going to make for a completely different industry in the next 10 years. Artists don't have to depend on a label to produce their albums. They don't even need to have it placed in stores.

It just helped to see that people like me can be successful out in the business world.

New York has been a natural extension of our business and has been in our planning for a significant amount of time.