This is going to expand the music market, ... Internet consumers -- particularly music consumers on the Internet -- are people who generally don't go into retail stores.

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

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.

As my other obligations are beginning to take an inordinate amount of time, I have asked to step down as WMG's board chairman, effective January 31, 2012. However, I will remain a director of the company and in that way, continue my association with Warner Music and its extraordinary people.

The history of the music industry is inevitably also the story of the development of technology. From the player piano to the vinyl disc, from reel-to-reel tape to the cassette, from the CD to the digital download, these formats and devices changed not only the way music was consumed, but the very way artists created it.

between very long shots and very, very, very long shots.