Barry Diller Urges Studios to Break Free from Netflix and Amazon, Negotiate Directly with Guilds

Barry Diller, former studio executive and IAC mogul, suggests that Hollywood studios should split from Netflix, Amazon, and Apple due to their differing business models. Diller believes that the studios should align themselves with the guilds and position themselves as natural allies rather than enemies. He argues that the ongoing strikes will strengthen Netflix and weaken other streaming services, leading to potential catastrophic consequences for the industry. Diller also expresses pessimism about the ability of the studios to pivot and revive the bundle in time.