Barry Diller, who heads up IAC but is a former boss at Paramount and Fox Studios, says that Hollywood is now irrelevant and has been beaten by Netflix.
Diller, speaking in a podcast for the Recode-Decode website, said that the outlook for Hollywood is dire. “Netflix has won this game” he said. “I mean, short of some existential event, it is Netflix’s. No one can get, I believe, to their level of subscribers, which gives them real dominance.’