When a fan buys a ticket, we learn an enormous amount about them: What bands they like, where they live, how much they are willing to spend. Someday, a fan will be sitting in a bar and his cellphone will text message 'Sonic Youth are playing tonight. Do you want to go?' He'll buy his ticket over the phone and walk to the concert.

Part of calling ourselves Live Nation was about starting to shift the way we think, to be first and foremost fan-focused.

The touring business is obviously critical to selling records, building fan bases, selling T-shirts, fulfilling sponsorship commitments.

We can't say to a Ticketmaster venue that says they want to use a different ticketing platform, 'If you do that, we won't put shows in your building.'

I tried to start a theatre in LA and failed miserably, but I was probably not meant to raise money.

As a former economy minister, I can't not think about economic growth. The central bank should also think about this but through its own instruments.

I never really got paid for 'Tell It Like Is,' but I look back at it and say God knew what he was doing; he probably figured that if I had got money back in them days, I wouldn't be here now. That's okay. I'm here. And I'm still singing the song.

Contrary to popular belief. It's much wiser to take money from the poor than the rich.