Perry tells Larry King: "I think we're seeing the end of an era, the whole MTV era when the record companies had so much power. It wasn't unusual for somebody to put out a single, sell a couple of million and sell out arenas. That type of rock'n'roll was king.

"The way people receive music has changed a lot of things," he continues, saying he discovers more new music via TV than from any other medium. "But I don't think the excitement of music, and the excitement fans feel at a live performance, has gone away."