00:00And Mike, I'm curious, because you have obviously been in the entertainment industry,
00:04been one of the most important people in the entertainment industry for decades.
00:08How does this moment compare to previous technological disruptions, like we saw
00:14in the early 2000s with Napster, or I think LimeWire was the other one?
00:19No, I lived through Napster. I lived through all of these initial technological breakthroughs,
00:26which were bittersweet. The fact that we had the technology to provide that service was fantastic.
00:33The fact that those services scraped illegally was not so fantastic. And the advance of technology
00:40today, for the first time ever, has allowed us to police the issues of theft. It's binary.
00:48This was 30 years ago, and we made zero headway. Today, with this technology that Walter and his
00:55team have created, we're already making inroads in real time already. So the older technologies,
01:02which advanced technology, destroyed the ownership model. And now we're setting that
01:09where it should have been all along. Interesting. So even though obviously AI can
01:14cause a lot more damage, it can also provide a solution that never would have been possible before.
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