Who better to address the issue of Hollywood media consolidation than a veteran consolidator?
During an interview with Marketplace’s Kai Ryssdal, IAC head honcho Barry Diller acknowledged that his latest company is indeed an online media conglomerate. And that this same sort of structure on the Hollywood studio side has left an indelible, obvious footprint:
“One of the reasons I think movies kind of stink is because they’re now so low on the totem pole of greater corporate interests. It used to be… when I came to Fox, it was almost totally — it had maybe 20 percent of its revenue came from television — 80 percent came from film.”