was disclosed /pwa*euz d because the people who discovered it were afraid they'd be busted by the dmca. we have governments now including the government trafficking in venerabilities the computers. we talked about your daughter's discovery and she disclosed it to apple. you say to apple, we're telling you about this venerability, you have so many days to fix it and after that period we're telling everyone about it and that way they're incentivized to fix it, we've done it for years. now government is interested in buying venerabilities. instead of having these disclosed so they can be fixed, governments have set up markets places where they buy these venerabilities in order to make these tom clancy style cyber weapons that they think they can use to fight these weird spook on spook world powers. instead of them being disclosed, the most lucrative thing to do with a venerability is to sell it to a government that weaponizes it, you may fall /aeu a fell to and use it to attack you. again, if government's discovered problems with the water supply we would expect them to fix the water supp

it doesn't have the limitations that dmca has. i remember the story that rank sinatra's concept of capital with his columbia contract said he was specific as m. mediu when c.d.'s came around they had to renegotiate a deal. g time there was no sinatra catalogue on c.d.'s. contracts like that that you have to wrestle with? >> there are some. certainly it is a short list of artists that retain the rights to say yes or no. the vast majority of them don't enjoy that. for some it is not uncommon to have the approval rights which makes it gratifying to us if hey said we want to embrace this model and introduce our catalogue to a new generation of fans. >> is there going to be a time when you don't need a record label? a are talking about catalogue but new music is a big thing. k about not really promoting labels. you surely get approached by hat want to go direct. >> i think that is exaggerated. they are our most important partners today. that will be true for years to come. it is true that it is easier to make a record today than it use