Barry Diller names YouTube the next winner in media streaming
Media executive Barry Diller stated that Netflix has secured paid streaming while YouTube is positioned as the next major winner in the digital media market.
FTMQ Creators, written by our newsroom0 views
Media executive Barry Diller declared that Netflix has captured the paid streaming market and identified YouTube as the next industry winner, K-EnterTech Hub reported on November 7. Diller also rejected the traditional media logic that entertainment companies must merge to achieve scale. [1]
According to K-EnterTech Hub, Diller pointed to media company People as an example of operational pivot. The company grew its business after losing 60% of its traffic from Google by manufacturing products directly instead of relying on brand licensing. K-EnterTech Hub noted that Korean broadcasters now face similar operational decisions. [1]
Diller is an American billionaire businessman who serves as chairman of People Incorporated and Expedia Group. He previously co-founded the Fox Broadcasting Company with Rupert Murdoch and was inducted into the Television Hall of Fame in 1994. [2]
YouTube is an American online video sharing platform owned by Google. The platform reached more than 2.7 billion monthly active users by January 2024, with users watching more than one billion hours of video daily. [3]
In short
- Barry Diller declared Netflix the winner of paid streaming and named YouTube the next overall winner.
- Diller rejected the argument that traditional Hollywood media companies must merge to compete.
- People grew its business by pivoting to product manufacturing after losing 60% of its Google traffic.
- YouTube had over 2.7 billion monthly active users by January 2024.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Barry Diller rejects Hollywood's scale argument and names YouTube the next winnerK-EnterTech Hub, 57m ago (the report this story comes from)
Background
- [2]Barry Diller on Wikipedia
- [3]YouTube on Wikipedia
- [4]Hollywood Walk of Fame on Wikipedia
- [5]Barry Diller on Grokipedia
Our newsroom writes these reports with the help of software, from the 5 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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