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Barry Diller Headed 2 Hollywood Studios. He Now Says The Movie Business Is Dead
NPR ^ | 07/08/21 | David Gura

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


TOPICS: Business/Economy; Miscellaneous; Society; TV/Movies
KEYWORDS: barrydiller; dead; didyousearch; duplicate; hollywood; movies
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1 posted on 07/09/2021 11:17:09 AM PDT by Enlightened1
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To: Enlightened1

https://thumbs.gfycat.com/NervousElaborateAztecant-max-1mb.gif


2 posted on 07/09/2021 11:18:57 AM PDT by TribalPrincess2U
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To: Enlightened1

Does this mean celebretards will finally shut the eff up about politics?


3 posted on 07/09/2021 11:20:30 AM PDT by GrandJediMasterYoda (As long as Hillary Clinton remains free equal justice under the law will never exist in the USA)
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Oh noooooesss…where are the woke beautiful people going to make their millions???


4 posted on 07/09/2021 11:20:56 AM PDT by TnTnTn
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To: Enlightened1

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.


5 posted on 07/09/2021 11:22:28 AM PDT by glimmerman70
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To: Enlightened1

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.


6 posted on 07/09/2021 11:25:28 AM PDT by SkyDancer (I Identify As Vaccinated)
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To: Enlightened1

well since they haven’t produced an original movie that anyone gave a crap about in 20 years, yeah...


7 posted on 07/09/2021 11:30:16 AM PDT by bigbob
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To: Enlightened1

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.


8 posted on 07/09/2021 11:34:08 AM PDT by McGavin999 (biden is not my president )
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To: Enlightened1

Does the fact that post-modern, marxist-propagandists have taken over movie production have anything to do with it?


9 posted on 07/09/2021 11:36:24 AM PDT by PGR88
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To: Enlightened1

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?


10 posted on 07/09/2021 11:41:05 AM PDT by Obadiah
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To: Enlightened1

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.


11 posted on 07/09/2021 11:45:44 AM PDT by D_Idaho ("For we wrestle not against flesh and blood...")
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To: Enlightened1

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.


12 posted on 07/09/2021 11:46:16 AM PDT by cymbeline
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To: Enlightened1

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.


13 posted on 07/09/2021 11:51:57 AM PDT by faucetman (Just the facts, ma'am, Just the facts )
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To: Enlightened1
I've seen no more than a half dozen films made since 2000. Any film i might want to see I can get from my local library (which has a great collection) and watch it on a nice 49 inch TV with the bathroom and the kitchen a few feet away.

Movie theaters...and new films for that matter...can vanish for all I care.

14 posted on 07/09/2021 11:52:13 AM PDT by Gay State Conservative (Trump: "They're After You. I'm Just In The Way")
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To: Enlightened1

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.


15 posted on 07/09/2021 11:55:31 AM PDT by discostu (Like a dog being shown a card trick )
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To: SkyDancer

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.


16 posted on 07/09/2021 11:55:36 AM PDT by Gay State Conservative (Trump: "They're After You. I'm Just In The Way")
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To: Enlightened1

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


17 posted on 07/09/2021 11:56:18 AM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves)
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To: Enlightened1

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.


18 posted on 07/09/2021 12:01:15 PM PDT by Magnatron
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To: glimmerman70

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.


19 posted on 07/09/2021 12:01:41 PM PDT by Mariner (War Criminal #18)
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To: Mariner

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.


20 posted on 07/09/2021 12:04:53 PM PDT by glimmerman70
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