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And this thursday morning, it is kayla tausche, and jon fortt, and joining us is hep ri blodget. Tech is up 0. 75, and the nasdaq is still down 2 , and not that far off, henry, from nasdaq 5,000. Is this what is going on with the buy in may and go away. Well, we who own the indexes are happy about this. And looking at apple, we went through the period of where all of the bad news was priced in and now looking forward to the iphone launch in september, and lot of excitement about that, and probably not revolutionary or anything, but in the buildup of that, people are excited, and so i am not su...

Interesting and the opportunities are so great because we are finding new audiences and new ways of delivering music. Artists are finding new ways to connect with fans. All of that is great for music. We want to bring alex beyers of politico to this conversation. Alex cary, it is 2015. It has never been easier for someone to record music at home or maybe at a small studio. To use thirdparty services to get uploaded to spotify or a platform like that. Do we still need record labels at this point . Will we, in 10 years, as technology continues to develop . Cary when the internet first started be...

We arethere coming up on the end of the year. They will pay for the next five years. Give me a little bit of show me your crystal ball little bit, if you would, what are we going to see yet of the cr be, and one of the consequences . I think you guys have suggested that there would be brought . 25 per hundred streams or pandora has suggested 0. 11. I heart radio suggested to be 5,000. The reality is we think the royalty proposals that were made by the Digital Music services were unfairly low. As it is, your hearing artists and labels complaining about the fact that they cannot build a sustaina...

Do it on pcs, you can download individual tracks, individual albums. The variety of ways that people can acquire music today is astounding and inconceivable 20 years ago. Host that transition from what we knew but ten years ago to what we know today, what has that done to the guest we find that theres a new transition coming along the way, which is whats making it so challenging. But also it makes it interesting and the opportunities are so great because youre finding new audiences and new ways of delivering the music, around itses are finding new ways to connect with fans. Host we want to bri...

Royalty rates are sufficient . Every time we think we have finally gotten to a point of growth the there is the new transition coming along the way which is challenging. But the opportunities are so great because we find new audiences to connect and that is great for music. Host we want to bring our guest from political into the conversation. Guest it thirdparty services are used to upload to spotify do we still need record labels at this point or will we in 10 years . With the internet for started to become the new development thinking that era of labels may be over why would you do that if a...