When Kiss legend Gene Simmons talks about the music business, you just shut up and listen.

Here is what Simmons had to say in an interview with TheStreet about the current state of music:

"The state of the music industry is unfortunately very, very dim. I have said before that rock is dead, it really is. It's not because there isn't talent out there, there is a dearth of talent out there. But the system is broken because fans have gotten used to the idea of not paying for anything. There needs to be new legislation. The record companies were asleep at the wheel when that first kid downloaded music for free -- they should have taken his home."

Hey Sean Parker, waiting for your reply.

Despite its dominating position in music -- which has ruffled feathers over the years -- Simmons is keen on Apple (AAPL) - Get Report

"I am a great believer in Apple, especially since they are getting into programming -- if they are smart, they will try to own the programming," Simmons said.

Simmons added, "Apple is smartly diversifying -- if you are just technology, you are missing the point as content is king."

Apple is a holding in Jim Cramer'sAction Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells AAPL? Learn more now.

Watch our full interview with Gene Simmons:

More of What's Trending on TheStreet: