Diller Says Amazon and Netflix Could Overtake Hollywood

The transcript discusses the decline of the movie industry, focusing on its shift towards sequels and marketing-driven mega movies, which has reduced its cultural value. In contrast, television is experiencing a period of growth due to its diverse options and craftsmanship. There is concern about the concentration of power among a few technology companies, which could dominate culture and entertainment. Companies like Netflix and Amazon are highlighted for their unique business models that differ from traditional entertainment, potentially surpassing traditional movie and TV companies.

What is the primary focus of the current movie industry according to the discussion?

• Creating original and artistic films

• Producing sequels and large-scale marketing movies

• Focusing on independent and low-budget films

• Developing educational documentaries

Why is television considered to be in a great period currently?

• Due to its declining viewership

• Because of its incredible variety and craftsmanship

• Because it is cheaper to produce than movies

• Owing to its focus on reality TV shows

What is a major concern regarding the influence of technology companies on culture?

• They focus too much on traditional media

• They are not innovative enough

• They have too much control over cultural content

• They promote too much diversity

How have Netflix and Amazon changed the traditional entertainment business model?

• By selling individual movie tickets

• By focusing on live events

• By producing only animated films

• By offering subscription services with additional content

What is the business model of Amazon in the entertainment sector?

• Selling individual episodes

• Offering free content with advertisements

• Selling subscriptions to Prime with additional content

• Focusing solely on theatrical releases