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I think right now, you've seen these artists pop up over the last decade who've flirted with branching together a lot of different kinds of music. Some of them have been huge, and sold millions of records. And I think over time it's become a little bit of what the industry can be.

We went into that knowing that we were never going to sell a major record 'cause we didn't sound like these bands, so I just thought this was an opportunity for us to make the kind of records that we wanted and make some money at the same time.

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.

Today's consumer is less interested in possessing things and more in experiencing them. That's something the music industry needs to get its head around. Do we even need record companies any more?

Nowadays you need so much money to be able to launch a new artist, notably in America; you would hardly believe the sums involved.

There are a lot of musicians who are still desperately trying to pretend that it's 1998 and by having a huge marketing campaign, they somehow believe that they can sell 10 million records. That's delusional. No one sells 10 million records. The days of musicians getting rich off of selling records are done.

Back in the early days like for the Temptations, Supremes and Four Tops, artist development was alive in record companies. Every artist had a moment to develop the record visually. When the web took over and camera phones, it stripped the artists of the power to figure it out. So there's a need to bridge that gap and that's my job.

I would love to sell millions of records, but that's never gonna be the case.

I don't think that old-fashioned idea of record companies exists any more.