Media mogul Barry Diller believes the streaming media revolution has killed and buried the movie business, predicting that the industry as we know it “will never come back.”
He also dissed the quality of the movies being churned out by streaming services, like Netflix and Amazon Prime Video.
“These streaming services have been making something that they call ‘movies,’” Diller said. “They ain’t movies. They are some weird algorithmic process that has created things that last 100 minutes or so.”
The definition of “movie,” he said, “is in such transition that it doesn’t mean anything right now.”
Diller has a long history running Hollywood movie studios, having previously headed Paramount and 20th Century Fox.
“The movie business as before is