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Just How Much Has Streaming Fundamentally Changed the Entertainment Industry?

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While reflecting on his time in the entertainment industry, longtime Hollywood executive Barry Diller explained how times have...
Barry Diller, chairman of IAC and Expedia, discussed the transformative impact of streaming services on the entertainment industry during a CNBC interview. He highlighted how streaming has shifted the industry from a traditional model to one dominated by tech giants like Amazon, Apple, and Netflix, which now control content creation and distribution. Diller noted that this shift has led to a decline in the power of traditional studios and has changed how content is consumed, with viewers now having more control over what, when, and how they watch. He also expressed concerns about the sustainability of the current streaming model, suggesting that the industry might be heading towards a consolidation phase as companies struggle with profitability.

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