Barry Diller Says “Movies Kind Of Stink”

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.