Hollywood Strikes Threaten Industry Collapse, Warns Media Mogul Barry Diller

Barry Diller, Chairman of IAC and Expedia, warns that the ongoing strikes by the writers' and screen actors guilds in Hollywood could have devastating effects on the entertainment industry if not resolved soon. Diller predicts an absolute collapse of the industry if the strikes continue for several more months, leading to fewer programs for consumers to watch, canceled streaming subscriptions, and reduced revenue. He suggests that top studio executives and actors take a pay cut as a good-faith measure to address pay disparities. Diller also discusses the impact of artificial intelligence on the industry and expresses concerns about AI's potential impact on the publishing industry. He calls for AI companies to come up with a fair business model that respects copyright laws.