Interesting perspective. It may be too late for the main content producers to turn back the clock, but it’s great that Diller’s making the point to the production conglomerates and their investors that they have allowed the game to be defined by Netflix, Amazon and Apple, to their detriment and that of their creatives.
Netflix induced — I would say to some degree seduced — all these companies to go into streaming to lose huge amounts of money to try and build a competitive streaming service. They degraded their investment in cable because of the effect of Netflix on cable. They degraded their investment in their broadcasting arms.
Interesting perspective. It may be too late for the main content producers to turn back the clock, but it’s great that Diller’s making the point to the production conglomerates and their investors that they have allowed the game to be defined by Netflix, Amazon and Apple, to their detriment and that of their creatives.
I actually like the [Deadline piece] (https://deadline.com/2023/08/barry-diller-wga-actors-strike-media-companies-netflix-streaming-tech-giants-1235533447/) on this interview better.