Barry Diller on Hollywood Hegemony, Strikes and Streaming 9/26/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 26 September 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

“AI, Schmay-aye” says Barry Diller, on the technology the markets and the content industry can’t stop talking about. The media mogul joins the Squawk Box gang for a deep dive into the causes – and the impact – of the historic twin strikes that have crippled Hollywood. The IAC Chairman and one-time studio head says a marked, existential shift is coming to film and TV, and not a moment too soon. Plus, JPMorgan Chase CEO Jamie Dimon, in Indian, warns that interest rates could rise sharply from here, President Biden heads to the UAW picket line in Detroit today and, shhhhh – ChatGPT is listening. Barry Diller 15:30 In this episode: Phil LeBeau, @Lebeaucarnews Andrew Ross Sorkin, @andrewrsorkin Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in Show Music Please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot.
0:09.0	Barry Diller, the IAC and Expedia Chairman, who also ran a movie studio and a TV network, on the historic
0:15.8	Tinsultown strikes.
0:17.5	This one is almost like the crew of the Titanic 10 minutes after the iceberg hits decides to strike.
0:24.0	And the existential shift coming to the content industry.
0:27.2	Hollywood hegemony over a hundred years,
0:30.6	no matter what came along, they were able to buy it.
0:33.7	Diller on strikes, streaming, and yeah, politics.
0:37.1	I'm not against old guys, but we're talking about two old guys,
0:40.1	and we're bottling up all the real talent that's around in both parties.
0:46.0	Plus the rest of today's stories that got us squawking.
0:49.0	Chat GPT can now see here and speak.
0:52.0	AI is coming for you. Jamie Diamond She can now see here and speak.
0:52.8	AI is coming for you.
0:54.3	Jamie Diamond on the biggest risks to the global economy,
0:57.3	and striking auto workers in Detroit get a guest star.
1:01.0	It's the first time in over a hundred years.
1:03.0	We've never had a sitting president who goes to stand on the picket line.
1:07.1	It's Tuesday, September 26th, Squawk Pod begins right now.
1:11.7	Stand Becky by in three, two, one, queue please.
1:15.0	Good morning everybody.
	...

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