He is now President of AOL Interactive Properties Group, responsible for a range of activities including local networks, Web and communications portals, small business markets and Internet telephony. And what's possible seems to be just about anything. Just recently, major companies that we once thought of as steady and in great shape are seeing troubles. Major retailers are seeing dramatic shifts, from the way they distribute things to the way they get information to their customers to establishing relationships. Leonsis, who recently bought the Washington Capitals hockey team, told of how he joined an email list about the Capitals.
Mistakes are opportunities.
Leonsis recalled how he had earlier spent much of AOL's time and money establishing relationships with Hollywood, believing that the Internet would one day become a big entertainment medium. His timing was premature, however, in large part because of current bandwidth limitations. AOL has since focused its Digital Cities properties around services like finding local restaurants and the company has purchased MovieFone. Be a creative paranoid. Be the biggest or the deepest.