Barry Diller on the rise of streaming and why Hollywood ‘does not exist anymore’

Barry Diller, who made his name as a powerful studio boss, recently told NPR that “the movie business is over … and will never come back.” Expanding on those views, the legendary mogul tells KCRW why, with the pandemic and rise of streaming, Hollywood will never go back to what it once was.

“I don’t know anyone who thinks there’ll be … let’s say, optimistically, 50% of theaters,” Diller says. “I think there’ll be 10% of the theaters worldwide in a few years.”

In the first of a two-part conversation, Diller — now the chairman of online empire IAC — weighs in on a transforming industry and its future.

Plus, a banter segment looking at winners and losers in streaming, based on the most recent quarterly reports.