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Panic at the Disco, who are signed to your label, Decaydance, recently lost two members when Ryan Ross and Jon Walker left to start the Young Veins. Why didn't you sign their new band?

What we said was if you want to be on Decaydance, that's fine with us, and if you want to go elsewhere, that's fine. That part I can tell you for sure. I'm not sure what [distributing label] Atlantic has said because they'd upstreamed to Atlantic.

So it wasn't like some horrible split?

No, and people really want it to be. At the end of the day, two different groups wanted to play different kinds of music and wanted to do different things and that's all it was. Everyone likes the controversy, everyone likes for it to be big and weird, and honestly, it's not like that. I talked to Ryan on the phone the other day.

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