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The Latest Breaking News from Barry Diller

Why That Peacock-Paramount Plus Rollup Seems Inevitable

Also in this week's 'Next Text,' we poke 'The Bear' to see if it's been vastly overrated, we ponder YouTube's lofty valuation ... and we review a shifty review from a certain Hollywood trade

Broadcasting & Cable

Biden defends his campaign as swing-state Democrat calls for him to exit race – as it happened

Angie Craig of Minnesota asks Biden to ‘step aside’, as California governor stumps for president in Pennsylvania. This blog is now closed

The Guardian - US

Executive who launched Fox and green-lit ‘The Simpsons’ explores bid to take over Paramount

Media billionaire Barry Diller once ran Paramount Pictures

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Trump Media Shares Plummet Amid Criticism From Barry Diller; Trump's Net Worth Takes A Hit

Trump Media witnesses a significant drop in share prices, shedding over 10% following doubts about revenue generation and sustainability.

International Business Times

Book Review: Henry Winkler grapples with the Fonz and dyslexia in his entertaining new memoir

Henry Winkler’s memoir begins on a Tuesday morning in October 1973, at his first audition for “Happy Days.”

The Independent UK

In Hollywood writers' battle against AI, humans win (for now)

After a 148-day strike, Hollywood screenwriters secured significant guardrails against the use of artificial intelligence in one of the first major labor battles over generative AI in the workplace

The Independent UK

‘It’s unsustainable’: can Hollywood survive without transformation?

Despite the success of Barbenheimer, the industry faces strikes, AI concerns and an untenable situation for those not at the top

The Guardian - US

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Mary McNamara: The studios thought they could handle a strike. They might end up sparking a revolution

LOS ANGELES — If you want to start a revolution, tell your workers you'd rather see them lose their homes than offer them fair wages. Then lecture them about how their "unrealistic" demands are "disruptive" to the industry, not to mention disturbing your revels at Versailles, er, Sun Valley.

Los Angeles Times

Movie Stars Vs. C-Suite Brass: Hollywood Strike Gets Ugly As CEO Tells A-Listers Where To Go

Barry Dillerthinks big-name actors should do — at least the ones who are clamoring for pay parity in the movie industry

Zenger

Entertainment mogul warns Hollywood strikes will cause the 'absolute collapse of the entire industry'

"Executives and the most paid actors should take a 25% pay cut," said Barry Diller, the chairman of IAC.

Fortune

As Hollywood actors strike, here’s why A-listers are next in the firing line

Impoverished Sag-Aftra members are currently targeting overpaid studio bosses. It can’t be long until their ire is directed closer to home

The Guardian - UK

Barry Diller calls A.I. ‘overhyped to death’ after striking Hollywood actors label it an ‘existential threat’

The media mogul said A.I. won't replace Hollywood writers or actors. Unions aren't convinced.

Fortune

German media mogul who's friends with Elon Musk is sacking 20% of the newsroom at his leading tabloid and replacing workers with A.I.

The German tabloid is among the most widely-sold newspapers in Europe. In a memo, Axel Springer said several roles will “no longer exist as they do today.”

Fortune

Murdoch, Fox face $1.6 billion trial over 2020 election as Trump surges

Rupert Murdoch’s Fox News empire is going on trial for airing false 2020 election fraud claims, even as it continues to struggle over its relationship with the man who most stoked those conspiracy theories: former President Donald Trump.

Tribune News Service

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Fortune

Billionaire mogul Barry Diller has some advice for the media about A.I.: Sue

"We are not going to let what happened out of free internet happen to post-A.I. internet if we can help it."

Los Angeles Times

For director Brett Morgen, unlocking the mystery of David Bowie meant letting it be

LOS ANGELES — Brett Morgen dashes across his office to grab his phone.

Axios

Activision insider trading investigation expands

If there's a real case to be made here, it would be the highest-profile in memory.

Benzinga

Regulator Defers MGM Stakeholder's Nevada Gaming License By 1 Month

Nevada Gaming Commission shelved MGM Resorts International (NYSE:MGM) stakeholder Barry Diller’s licensing by a month until an April commission meeting, the Wall Street Journal reports. The move coincided with insider-trading investigations by federal authorities into his share purchases of Activision Blizzard Inc (NASDAQ:ATVI). In 2020, Diller and his internet holding company, IAC/InterActiveCorp (NASDAQ:IAC), admitted spending over $1 billion for…

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Los Angeles Times

IAC will cease printing Entertainment Weekly, InStyle and four other Meredith magazines

Barry Diller's IAC/Interactive Corp is ending the print editions of Entertainment Weekly, InStyle and four other titles acquired from Meredith Corporation last year, turning them into digital-only properties.

The Independent UK

InStyle and Entertainment Weekly print magazines axed by Barry Diller’s media group

Company plans to invest in 19 remaining print titles

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