this post was submitted on 31 Aug 2023
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Barry Diller Says Studios Should Split From Netflix and Amazon by Cutting Their Own Deals With Guilds (www.hollywoodreporter.com)
submitted 1 year ago by ValueSubtracted@startrek.website to c/quarks@startrek.website
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[–] ValueSubtracted@startrek.website 5 points 1 year ago

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.

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.