Barry Diller Headed 2 Hollywood Studios. He Now Says The Movie Business Is Dead. In an exclusive interview with NPR, the IAC chairman laments the state of the movie industry, saying the rise in streaming has upended both the business model and the quality https://t.co/ioG3KCd632— autocloud (@autocloud) July 10, 2021
-Barry Diller was CEO of Paramount Pictures and 20th Century Fox. He was behind “Grease”, “Raiders of the Lost Ark”, and “The Simpsons” tv show.
-He says streaming services don’t care about quality or making movies that please audiences.
-He says: "These streaming services have been making something that they call 'movies,' They ain't movies. They are some weird algorithmic process that has created things that last 100 minutes or so."
-He also says the business model to create hype before a movie comes out is over.