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Because of piracy there has been a massive downturn in people buying music, which makes it more difficult for artists to make money from the sale of records.

It's funny how the music industry is enraged about the Internet and the way things are copied without being paid for. But you know why people steal the music? Because they can't afford the music.

Obviously, as the music business has suffered tremendously, with being able to illegally download everything, it's also become amazingly easy to find new bands, because everyone can put their stuff online. Even if you can't find a record label, you can find these awesome bands, all over the world.

People think that it's their sovereign right to download music and not have to pay for it.

Online piracy needs to be dealt with itself, because people are just wholesale stealing people's work and not paying for it. It's very hard to figure out a way to fix it.

Napster was a black market for music. Ninety-nine per cent of the music that people were downloading was illegal because they didn't have the rights for it.

Just as the music industry couldn't combat the financial impact of digital piracy, major corporations will have to rethink how to maintain margins when many of their most profitable items can be easily manufactured at home.

Books are so cheap and easy to get that people don't bother stealing them, which is the essential rule of piracy that the music business learned much too late.

We have to make the physical music a little more valuable instead of just having a download link and a bunch of songs you downloaded from some torrent site. People try to make the music value-less, and I don't think we're going to stop that train, but the one thing that they can't devalue are things that are in the outside world.

The music business has changed incredibly. There used to be 50 record companies. Now there's only three, and it's just getting smaller and smaller. But then again, you have the Internet, so anybody who has music can get it out there.