Thomas Hesse
Thomas Hesse
Thomas Hesse is a senior media and digital media executive and entrepreneur. He was President of Corporate Development and New Businesses as well as Member of the Executive Board of Bertelsmann. He was previously Sony Music Entertainment's President of Global Digital Business, US Sales, and Corporate Strategy. He is currently a senior adviser to CVC Capital Partners and also the Founder and CEO of Consonance Investments LLC, an angel/ VC fund...
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It's a security vulnerability and therefore needs to be dealt with.
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We are painfully aware that we are cannibalizing our core business. It's something we need to do, but it's not clear to us when our industry will return to revenue growth.
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When people have downtime they love playing with their mobile phones. So instead of playing a game of Tetris or buying their next ring tone, browsing for music and downloading a full track -- it's a natural and good thing.