We have the right assets for a fast-growing digital business.
Sentiment: POSITIVE
I've always been about how will digital be transforming established businesses, and that's what I've done.
The digital business is a fantastic business to be in. The only thing you have to do is build a cost structure for a declining business, which is different from the structure for a growing business.
The world moves fast. Business moves fast. Digital media moves extremely fast. It is far too easy to allow ourselves to be constantly blown from one trend to the next.
With the world changing fast, we needed capital for investments. There's only so much bandwidth in your own balance sheet.
We're living in an age where we should be collaborating. Because it's the Internet now. It's hard to say who owns what.
So we have a commitment to the business and to its people.
We have to develop the whole system of early stage investors and a tax system around it. For every Google that has come on the scene, there are hundred entrepreneurs who never did.
Even in developing markets, we're seeing the growth of digital communication is proceeding at a very rapid pace.
Entrepreneurs need to recognize that, especially in the digital domain, they are unlikely to come up with something that is going to be permanently on top, that impermanence and ephemerality is the nature of the beast.
We are pushing ahead as fast as we can for all audiences, whether for the business user, the child, or the digital music enthusiast.
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