- July 9, 2021
- Posted by: Stratford Team
- Category: Business
Chairman and Senior Executive of IAC/InterActiveCorp and Expedia Group Barry Diller walks to a morning session at the Allen & Company Sun Valley Conference on July 07, 2021 in Sun Valley, Idaho.
Kevin Dietsch | Getty Images
IAC Chairman Barry Diller told NPR this week that the movie business, as it once operated when he led studios, is dead.
“These streaming services have been making something that they call ‘movies,'” Diller said in an interview with the media outlet at the Allen & Company Sun Valley Conference. “They ain’t movies. They are some weird algorithmic process that has created things that last 100 minutes or so.”
“The movie business as before is finished and will never come back,” he said. Diller once ran 20th Century Fox and Paramount Pictures. Instead, he said, streaming services like Amazon Prime are created to sell people more things from Amazon.
Media companies have spent billions each year on content, in an effort to create exclusive…
