Media Summit: Diller Down on YouTube
By Michael Malone -- Broadcasting & Cable, 2/7/2007 5:55:00 AM
InterActiveCorp. CEO Barry Diller had sharp words for YouTube at Media Summit in New York this morning. In a casual hour-long Q&A with Business Week executive editor John Byrne, Diller sided with Viacom on the media giant’s demand last week that YouTube pull down all Viacom clips from its site.
“What’s happened is that media companies have said, ‘We’re not gonna let you get so strong in distribution,’” he said, likening it to HBO’s dominance in acquiring movies for cable decades ago. “It’s smart for Viacom, who said, ‘Let me be really clear—you’re not gonna take stuff that I made, then massage it and control it for other people.’”
While acknowledging that YouTube rules the user-generated video space, Diller said that wouldn’t be for long. “Those tools are going to be everywhere,” he said. “It’s not going to be one place to go.”
Diller, whose company posted an 85% drop in net income yesterday, was bullish on IAC properties CollegeHumor.com, Ask.com and Match.com, while making a case for a Home Shopping Network rebound. “We took our eye off the daily business and made a series of merchandising mistakes,” he said of HSN. “There’s a little turnaround, but these things don’t turn on a flash.”
When Byrne pointed out that Diller, the former head of Fox and Paramount Pictures, was back in the programming game with CollegeHumor.com, Diller responded, “I never left it.”
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wow, I don't know youtube has 100% market penetration - it's near impossible to rival them now unless you're already established.
Jack Dawson - 2/9/2007 4:55:00 PM EST -
turnaround is going to take forever...
consider ajax...and then consider how long it takes the media to process a story like the death of anna nicole (God rest her soul).
the current cable network (and i mean literal cable in the ground) are going to serve the next generation of ''the media''. and even that isn''t going to last long as wi-max and free wireless are ideals on the drawing board.
it''s too late!
the revolution will not be televised...
it''ll be on youtube.
koga44 - 2/9/2007 3:47:00 AM EST
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