Podcast #884: Hollywood is Now Irrelevant

“Hollywood is now irrelevant,” says IAC Chairman Barry Diller the former CEO of Paramount and Fox, talks about the diminished power of movie studios and why “Netflix has won this game. It was these six movie companies essentially were able to extend their hegemony into everything else. It didn’t matter that they started it. When it got big enough, they got to buy it. For the first time, they ain’t buying anything. Meaning they’re not buying Netflix. They are not buying Amazon.”.