Diller: Big media is late to Internet chat

October 25, 2007 Former entertainment mogul Barry Diller said Wednesday that when it comes to the disruptive power of the Internet, incumbent media companies still "don't get it," with the possible exception of News Corp. All the media companies have done a few interesting things online, but only News Corp., now the world's most valuable media conglomerate, has delved deep, by way of its $650 million MySpace purchase and other digital initiatives. Technology companies, Diller said, understand the value of research and development, whereas Hollywood does not.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.