That's why the company, a provider of real-time information to the financial services industry, he said in a session at the Web 2.0 Summit here.
"Essentially, portals have been pretty staid," Miller said. "We thought we could look at (Relegence) as broadly as we could and turn that into a consumer application."
He acknowledged that Time Warner subsidiary AOL was interested in acquiring YouTube, which. What stopped AOL? "Money," he said. "It's very hard for anybody to go and pay cash" and only Google has the stock price to pay for it in stock, he added.
AOL's decision to get out of the Internet access business and, like e-mail, has already paid off, he said, noting that ad revenue was up in the most recent quarter. "Absolutely, strategically it was the right move," he said.
Asked if Time Warner would consider spinning off AOL into a separate company, Miller declined to answer, saying, "I got burned two weeks ago saying what I said in Europe...It was not printed correctly." The Daily Telegraph in the U.K. reported on October 22 that Miller said Time Warner was considering selling off AOL, but it was not clear if that was the report Miller was referring to.
Miller said AOL had learned a lot from itsthis summer. "It was entirely well meaning" by "people in the company doing something for an academic research project...And it was obviously a bad call."
Meanwhile,, given the growth in broadband video-on-demand, he said. "On-demand video over IP (Internet Protocol) will be the...biggest form of (video) viewing in single digit years," he said. "It's under way already."