AOL CEO Tim Armstrong: ‘We See Some Big Gaps In the Music Space’

From Billboard:

In a Paley Center for Media discussion yesterday (March 6) on Crafting Digital Media between AOL CEO Tim Armstrong and long-time media industry banker Aryeh Bourkoff, CEO of Lion Tree Advisors, Armstrong said that AOL is looking at possible music strategies and sees “gaps in the music space” (video below).

“Music is something that were are looking at creatively and we have some creative ideas around it,” Armstrong answered. “I don’t know exactly what we are going to end up doing. We see some big gaps in the music space and we’ve been out talking to partners about it and I don’t know whether or not we’ll invest in it, but from a clarity of opportunity standpoint there’s two or three things we see actually that are probably meaningful but I don’t know what we are going to do.”

CEO of AOL Tim Armstrong on Crafting Digital Success from The Paley Center for Media on