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 does the speaker think about the future relationship between movie companies and technology companies?

In what ways does the speaker believe Netflix and Amazon differ from traditional entertainment business models?