Authors of new book depict Facebook s dilemma and its ugly truth CNN 14 hrs ago By Brian Stelter, CNN Business © Kevin Dietsch/Getty Images SUN VALLEY, IDAHO - JULY 09: CEO of Facebook Mark Zuckerberg walks with COO of Facebook Sheryl Sandberg after a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. After a year hiatus due to the COVID-19 pandemic, the world s most wealthy and powerful businesspeople from the media, finance, and technology worlds will converge at the Sun Valley Resort for the exclusive week-long conference. (Photo by Kevin Dietsch/Getty Images)
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In an interview with NPR, Barry Diller, chairman of IAC, called the movie business dead. Here, he walks to a session of the Allen & Company Sun Valley Conference in Idaho on Wednesday.
Barry Diller made his name in the film industry as the chairman and CEO of two Hollywood studios, Paramount Pictures and what was then 20th Century Fox. Now, he is declaring the industry dead. The movie business is over, Diller said in an exclusive interview with NPR on the sidelines of the Allen & Company Sun Valley Conference, a media and technology conference in Idaho. The movie business as before is finished and will never come back.