Barry Diller Headed 2 Hollywood Studios. He Now Says The Movie Business Is Dead
Barry Diller made his name in the film industry as the chairman and CEO of two Hollywood studios, Paramount Pictures and what was then 20th Century Fox. Now, he is declaring the industry dead.
"The movie business is over," Diller said in an exclusive interview with NPR on the sidelines of the Allen & Company Sun Valley Conference, a media and technology conference in Idaho. "The movie business as before is finished and will never come back."
Yes, that has to do with a substantial decline in ticket sales and the closure of movie theaters during the coronavirus pandemic. But Diller, the chairman and senior executive of IAC, a company that owns Internet properties, said, "It is much more than that."
He makes it sound like Hollywood and big production companies was the be all end all. He puts quite a bit of blame on streaming.
Personally I’d place more of the blame on the people in the industry. Hearing out of touch pompous pricks lecture you about and or blame you for everything under the sun is quite tiresome.
Perhaps with the demise of the big production companies we might see more competition get off the ground. There’s more then a few indie studios who’ve consistently been able to put out amazing work with decent acting, from people who notably aren’t Hollywood stars, online that blows a lot of Hollywood’s crap out of the water. Quite a bit of it of it is also done on a shoestring budget compared to the blank checks some Hollywood Blockbusters have.
A lot of it is actually interesting content on Youtube. Military Arms Channel, Garand Thumb, Primitive Technology, Growling Sidewinder, Hot Thai Kitchen.....The list goes on. I don't watch TV anymore and The last entertaining movie I saw was Dead Pool.