CES: Barry Diller Calls Hollywood Movies “Horrible Thing” Facing “Profound Dislocation”
The entertainment business is going to experience a period of “profound dislocation” soon, says media mogul Barry Diller.
The IAC chairman, speaking Thursday at a keynote session at the CES conference in Las Vegas, spoke bluntly about the change that the entertainment industry is experiencing as new entrants like Netflix and Amazon have changed distribution by bringing shows and movies directly to consumers.
“The media world has been closed since radio,” he said, speaking to moderator Michael Kassan, the CEO of consultancy MediaLink. But the internet has changed that dynamic, removing the ability to create scarcity and giving control to consumers. “Until there was an alternative like the internet…
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