Barry Diller: SAG Strike Could Lead to Hollywood's Collapse

Media titan Barry Diller delivered a devastating forecast for Hollywood, if the writers and actors’ strikes are not resolved soon. Diller called the current challenges facing the industry a “perfect storm.”“You had Covid, which sent people home to watch streaming television and killed theaters,” Diller said. “You’ve had the results of huge investments in streaming which have produced all these losses for all these companies that are now kind of retrenching. “Who cares about Hollywood?” Diller said — referencing what he believes to be overriding public sentiment on the issue. “Everybody’s probably overpaid at the top end,” Diller said.