Diller: Innovation is the difference
October 24th, 2007 by Benjamin KuoBarry Diller was the keynote speaker at lunch at the Forbes MEET conference in Beverly Hills today. Diller’s one of the folks who really seems to “get it” in terms of where things are going, and understands both the technology and old media businesses.
My favorite quote from Diller at the lunch: “The difference between Hollywood and technology is innovation. You have to put dollars into innnovation. You have to, if you’re not you can’t play.” Diller went on to explain how the old model of distribution does not work, and that in order for the “old media” folks to survive in the new world of the Internet they need to be creative. Asked what advice he’d give to media companies, he said: “Do not think about replicating or finding the next opportunity by price, actually get in there and make things,” saying that you’ve got to focus on original creation.
