BarryDiller

Why Barry Diller Thinks 10 Percent of Theaters Will Remain In the Next Few Years

Why Barry Diller Thinks 10 Percent of Theaters Will Remain In the Next Few Years

BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT "What we think of as a movie is evolving and no longer means what it did just a couple of years ago, pre-pandemic," the former Paramount Pictures and 20th Century Fox chairman says. Barry Diller doesn’t think the movie business is “dead,” as a recent NPR story declared, but the traditional moviegoing experience will continue to transform, resulting in a loss of about 90 percent of theaters worldwide. “Because of streaming, because of the pandemic, because of the enormous production of long-form content … the word movies — what we think of as a…
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