Prolonged Hollywood strikes could lead to 'an absolute collapse of an entire industry,' says IAC Chair Diller

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But settling soon seems unlikely, Diller said, since 'there's no trust between the parties.'

CEO, predicted a domino effect should the dual strikes not resolve quickly.If the studio executives and guilds can't reach an agreement for several more months, Diller predicted, there will be fewer programs for consumers to watch, which will lead to canceled streaming subscriptions and reduced revenue for the entertainment industry. That means that by the time the strikes are settled, there won't be enough money to ramp programs back up.

Diller said to ease that disparity, top studio executives and top-paid actors could take a 25% pay cut as a "good-faith measure" to try to "narrow the difference between those that get highly paid and those that don't."Diller specifically addressed AI in the interview, which he called "overhyped to death" in terms of the impact it will have on writers' and screen actors' jobs.

"Writers will get assisted, not replaced," Diller said. "Most of these actual performing crafts, I don't think they are in danger of artificial intelligence." Diller is more concerned about the impact of AI on the publishing industry, foreshadowing a potential lawsuit with a group of "leading publishers," though he declined to go into specifics, including when a complaint could be filed.

 

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