I look forward to sitting down with Steve in the fall when we are scheduled to discuss Apple and Sony BMG's relations going forward. I think Steve has done a great job on behalf of the industry, and in the months ahead we have lots of challenges to conquer together.
While these changes will result in the loss of some positions, we believe that they will also enable Sony Music Entertainment to effectively meet the challenges of a continually changing marketplace for music worldwide,
As most of you know, Sony Music Entertainment is implementing a series of strategic, structural changes that are necessary to position the company for future growth,