Skip to comments.Barry Diller Headed 2 Hollywood Studios. He Now Says The Movie Business Is Dead
Posted on 07/09/2021 11:17:09 AM PDT by Enlightened1
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."
According to Diller, who ran Paramount and Fox several decades ago, streaming has altered the film industry in substantial ways, including the quality of movies now being made.
Last year, several media conglomerates, including Disney and WarnerMedia, decided to debut new releases in movie theaters and on streaming services simultaneously. That was a radical change, and theater chains protested it.
"There used to be a whole run-up," Diller said, remembering how much time, energy and money studios invested in distribution and publicity campaigns.
The goal, he said, was to generate sustained excitement and enthusiasm for new movies. "That's finished," he said.
The way companies measure success is also different, according to Diller.
"I used to be in the movie business where you made something really because you cared about it," he said, noting that popular reception mattered more than anything else.
During Diller's tenure at Paramount in the late 1970s and 1980s, the studio released movies like Saturday Night Fever. But since then, he has been known for his work in television. He helped create the Fox TV network
Does this mean celebretards will finally shut the eff up about politics?
Oh noooooesss…where are the woke beautiful people going to make their millions???
Lots of movies now are being streamed. Paramount plus shows a few first run movies while trying to run in theaters. HBO max does the same. And Netflix.
It died long ago when they started making remakes starring LGBT’s and blacks in the original role models; Wild Wild West for one, Ghostbusters for another, then the Captain America and Marvel nonsense.
well since they haven’t produced an original movie that anyone gave a crap about in 20 years, yeah...
There hasn’t been and creativity in Hollywood for a very long time. However, it’s not dead, it has just decided to move away from the disgusting creatures in Hollywood.
I’ve been watching The Chosen, it’s incredible with amazing talent and great storytelling.
Does the fact that post-modern, marxist-propagandists have taken over movie production have anything to do with it?
They detest 60% of Americans. They detest America. They show contempt and disdain for men and then they wake up to discover the movie industry is dead.
A bit slow on the uptake I’d say. Does this mean that there will be no more celebrities to lecture Americans?
Movies are the new TV. The studios create “pilots” now instead of cinema. If it’s successful, they make a prequel, sequel, spin-off, etc.
There will always be inspired and skilled movie makers who will give us good movies. But entertainment has always been mostly forgettable stuff with a few gems in there.
Hollywood movies are DEAD! The actors and perverts KILLED IT!
Got T-Mobile Internet. Got rid of Hughesnet satellite Internet.
Now that I have T-Mobile Internet ($50 a month UNLIMITED), I am dropping Direct TV next month. Now I get Netflix, Amazon Prime, and Hulu, as well as all those free ones ROKU etc..
Lots to watch, many new, made for Netflix/Amazon etc. who needs Hollywood.
I SAVE over $200 a month with more to watch including all my favorite shows (mostly) COMMERCIAL FREE!
Hollywood and Network TV are DEAD! Just like George Floyd, They killed themselves.
Good riddance to all three.
Movie theaters...and new films for that matter...can vanish for all I care.
Old man yells at clouds. Things have changed. But it’s not dead. Not by a long shot. It’s just not the industry he knew. Although honestly it wasn’t the business he thought it was then.
Gladly...I’ve never seen any of those. The only film I’ve ever seen that featured a freak pervert was in The Crying Game...made about 30 years ago. But that film had two plots: one was the perv and the other was the IRA. The IRA plot was outstanding,worth putting up with the perv.
Movies aren’t dead but movie making will move more into computers using CG talent. No location costs … no grumbling human prima donnas … no equipment rentals and lots full of busy workers
He’s right about streaming services. The product is thoroughly diluted to the point where most of the content is unwatchable. I’ve been noting Apple TV’s rollouts and even the trailers are bad. There’s just nothing there.
On the other hand, it’s a banner market for actors, but they will have to get used to less pay with fewer viewers and more material vying for everyone’s attention. I don’t see a future for new marquee-level names once the current group retires and dies out.
Netflix Studios changed everything. They will likely BUY a few of the old house brands.
While they make some trash, so did the legacy studios.
I subscribe to Prime, HBO Max and Netflix. And I never run out of simple, quality entertainment to watch...including first run movies.
In 4k UHD. And I can pause/switch anytime I want.
Same here. I have HBO max free because I have ATT phone. Wife has Amazon prime for shipping so we get the Amazon prime movies which isn’t that great. Pay for Netflix and discovery plus and now paramount plus. Never ever run out of anything to watch.
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