Barry Diller, now a dull online mogul but formerly the most arrogant of Hollywood moguls (Paramount, Fox, Universal), says what’s wrong with the movie biz he hasn’t worked in for 20 years. He tells Marketplace:
The four major film producers and the four major television production entities are all owned by four people… One of the reasons I think movies kind of stink is because they’re now so low on the totem pole of greater corporate interests. It used to be… when I came to Fox, it was almost totally — it had maybe 20% of its revenue came from television — 80% came from film. Out of that, look what Fox has become — multiple cable networks, international distribution all over the world, controlling interest in BSkyB. In other words, it’s a multi-diversified company.