The Business
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.”
By Kim Masters • • 28m ListenBarry 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.
In this episode
2 storiesNetflix still rules streaming, but domestic subscribers are slipping
In its most recent earnings report, Netflix shared that it gained 1.5 million subscribers around the world in the last quarter. However, that’s a modest gain for the streaming giant, which also lost 400,000 subscribers in the U.S. and Canada.
Read the story5 minMedia giant Barry Diller: ‘There’ll be 10% of the theaters worldwide in a few years’
“I don’t know anyone who thinks there’ll be … let’s say, optimistically, 50% of theaters. I think there’ll be 10% of the theaters worldwide in a few years," says Barry Diller, chairman of online empire IAC.
Read the story23 min
