Barry Diller, 79, says streaming services killed the film industry and it 'will never come back' as movie theaters are dealt another blow with Amazon Prime Video ten-figure deal for Universal's live-action films
Barry Diller - a Hollywood icon who was the former CEO of both Paramount and what was 20th Century Fox (which is now part of Disney) - said streaming services killed the film industry. 'The movie business is over,' Diller said in an exclusive interview with NPR on the sidelines of the Allen & Company Sun Valley Conference in Idaho, where he was joined by his wife, the well-known fashion designer Diane von Furstenberg, and other tech media and tech moguls. 'The movie business as it was before is finished and will never come back,' Diller, 79, told NPR. 'The definition of movie is in such transition it doesn't mean anything anymore.' Movie-making has become less of an art form and more of a factory-like production pushing quantity over quality to supplement other services, in Diller's eyes. For example, Amazon's May announcement of its $8.45billion deal to buy MGM and 4,000 of its movies from the past 35 years - including James Bond and The Hobb