Can I use the Time Capsule to store my iTunes Library and access through iTunes on my Mac Book?

Have Apple TV, iPad Air 2, iPhone 5G, I expect that I would have to have iTunes running on my Mac Book with the iTunes Library on the Time Capsule. Is this correct? Anyway to just have the Time Capsule and the Apple TV?

AirPort Time Capsule (2013)

AirPort Time Capsule (2013)

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