Barry Diller Warns: TV And Movie Studios Face “Profound Dislocation” – CES

Read on: Deadline

Look out, traditional media and entertainment companies. The next five to 10 years will bring “profound dislocation” that will upend both television and movies, IAC/InterActive Corp and Expedia Chairman Barry Diller said today in a keynote presentation at the International CES technology confab. “We've seen standards lowered in so many different areas” due to popular revulsion to “prissy elites,” he says. “The other part of the word ‘elite’ is people who are ambitious and…