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.

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.'

Calling the new company Live Nation Entertainment is a big statement. Let's make sure we send a strong message from the first investor call.

I have so many peers who say, 'I need to get away from my parents,' because even though they love the business and they love their parents, they feel like they are letting their parents down if they don't work to the bone. As a parent, you should be the safe place.

You give anybody a billion dollars, and of course they are passionate. Passion is one of those things like willpower in that there's 'magical thinking' about it. You've got to be careful about 'magical thinking.'

A corporation's primary goal is to make money. Government's primary role is to take a big chunk of that money and give it to others.

I think it's wrong that only one company makes the game Monopoly.