Barry Diller's advice for Hollywood: Stop chasing Netflix.
Source: Business Insider ·
The mogul has advice for the Ellisons and everyone else: "You are simply never going to beat Netflix, ever, unless they do something weird."
From the source
Carl Timpone/BFA.com; BIScale scale scale: That's the plan everyone who's not Netflix has for beating Netflix.That's silly, says Barry Diller, who knows both Hollywood and the internet: You'll never get enough scale to catch Netflix.On the other hand! Platforms like YouTube and TikTok do pose a real threat to Netflix, since they have an endless supply of free content.Everyone knows what you need to do to take on Netflix: Get really big.This, after all, is what media CEOs who don't run Netflix have been saying for years to justify their M&A: It was Disney's rationale for buying most of Fox, Discovery's rationale for buying what used to be called Time Warner, and the Ellisons' rationale for buying first Paramount, and then Warner Bros. Discovery.All of which has been misguided, says Barry Diller.Diller, who previously ran Paramount and Fox's movie studio — and later launched the Fox broadcast network with Rupert Murdoch — says there's no point in bulking up to take on Netflix. For a…