Former Hollywood exec Barry Diller says the Oscars are a relic of a bygone era and no longer appeal to commercial audience.
In a series of interviews, Diller has said that the movie industry is in a state of decline and that the conventional path for film to win an Oscar ‘no longer exists.’
Diller rose to success and prominence as the chair and CEO of two Hollywood studios – Paramount and the former 20th Century Fox. As recently as 18 months ago, however, Diller was prepared to declare the movie business ‘over.’
‘The movie business is finished and will never come back,’ he told NPR at the Sun Valley, Idaho media and technology conference in 2021.
The collapse of the movie industry, he says, has taken down with it the town’s most glamorous night.