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REUTERS/Mike BlakeViacomCBS Inc (VIAC.O) and Comcast Corp (CMCSA.O) can succeed without acquiring other businesses, IAC (IAC.O) Chairman Barry Diller said during a Reuters Newsmaker event Thursday. The media and Internet mogul, who helped found Fox Broadcasting Company, described competing with Netflix (NFLX.O), which would require significant investment, a "fool's errand" at this point. He described Comcast as being in a “fantastic position” with a cable and broadband business that hedges against NBCUniversal. “I don’t think they have to do anything,” he said of whether Comcast needs to spin off a business or get bigger. The Internet and media mogul brushed off concerns about Netflix’s debt burden.
Persons: Barry Diller, Mike Blake ViacomCBS, Diller, , ” Diller Organizations: IAC, Inc, Wall Street Journal, REUTERS, Mike Blake ViacomCBS Inc, Comcast Corp, Reuters, Fox Broadcasting Company, Netflix, Discovery Inc, Discovery, Warner Brothers Discovery, MGM, MGM Resorts International, Comcast, NBCUniversal, Thomson Locations: Laguna Beach , California, U.S
Mogul Diller says ViacomCBS, Comcast don’t need deals to succeed
  + stars: | 2021-06-10 | by ( Helen Coster | ) www.reuters.com + 0.95   time to read: +2 min
Barry Diller, Chairman and Senior Executive of IAC/InterActiveCorp and Expedia, Inc., speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike BlakeViacomCBS Inc (VIAC.O) and Comcast Corp (CMCSA.O) can succeed without acquiring other businesses, IAC (IAC.O) Chairman Barry Diller said during a Reuters Newsmaker event Thursday. The media and Internet mogul, who helped found Fox Broadcasting Company, described competing with Netflix (NFLX.O), which would require significant investment, a "fool's errand" at this point. He described Comcast as being in a “fantastic position” with a cable and broadband business that hedges against NBCUniversal. The Internet and media mogul brushed off concerns about Netflix’s debt burden.
Persons: Barry Diller, Mike Blake ViacomCBS, Diller, , ” Diller Organizations: IAC, Inc, Wall Street Journal, REUTERS, Mike Blake ViacomCBS Inc, Comcast Corp, Reuters, Fox Broadcasting Company, Netflix, Discovery Inc, Discovery, Warner Brothers Discovery, MGM, MGM Resorts International, Comcast, NBCUniversal, Thomson Locations: Laguna Beach , California, U.S
This is often the first question I'm asked by friends and family members whenever I bring up my job. It's also okay to have some proverbial "fun money" in crypto assets. Amazon AMZN In other words, not every e-commerce or tech stock from 20 years ago matured likedid. Alibaba BABA Spotify SPOT Uber UBER "Crypto is just like the internet bubble. Some long-term crypto bulls think that makes this a buying opportunity.
Persons: Paul R, Monica, I'm, especiallyCEO Elon Musk, dogecoin I've, Dan Pipitone, it's, Pipitone, Benjamins, It's, didn't, Barry Diller's, Alibaba BABA, Mitchell Green, Green, bitcoin, Jeremy Welch, Ron L, Brown Organizations: CNN Business, cryptos, Tech, Qualcomm, Cisco CSCO, Nasdaq, IAC IAC, Cisco, Lead Edge, R.L, Brown Wealth Management Locations: cryptocurrencies, America, Vegas
"Given how many revolutions this went through, from starting to dying and starting again, I was actually awestruck when I could actually look up and see it," Diller told the Wall Street Journal. "I walked on [the island] and felt pure, actual joy, which is not something I can say happens very often." Brittany Chang/InsiderSource: Wall Street Journal
Persons: Diller, Brittany Chang Organizations: Wall Street
Match Group, Former Employees Spar Over Handling of Sexual-Assault Allegation
  + stars: | 2021-05-28 | by ( Georgia Wells | ) www.wsj.com sentiment -1.00   time to read: +2 min
When Greg Blatt announced his plan to resign as Match Group Inc. chief executive in 2017, the dating-app conglomerate presented the transition as orderly and planned well in advance. Executives also deliberated over having Mr. Blatt address the allegation, a draft resignation letter Mr. Blatt sent to independent public-relations representatives showed. Three weeks after the exchange, a press release announcing Mr. Blatt’s resignation as CEO of both Match Group and dating app Tinder didn’t mention the allegation or an investigation that Match Group conducted. IAC, which separated from Match Group last year, said in a statement that an investigation by Match Group’s board with two outside law firms found no violation of law or company policy. Based on the investigation’s findings, there was no cause for Mr. Blatt to resign and, therefore, no cause to disclose it.
Persons: Greg Blatt, Blatt, . Blatt, , Valerie Combs, Joey Levin, Blatt’s, Barry Diller Organizations: Inc, Match Group, IAC, Group Locations: New York
Little Island, park built by billionaire, further transforms Manhattan
  + stars: | 2021-05-21 | by ( ) www.reuters.com sentiment -0.89   time to read: 1 min
People visit Little Island Park on Manhattan's West Side, during the park's opening day in New York City, May 21, 2021. Little Island is its name, but the vision and the budget behind it were colossal. The public park on the Hudson River finally...morePeople visit Little Island Park on Manhattan's West Side, during the park's opening day in New York City, May 21, 2021. Little Island is its name, but the vision and the budget behind it were colossal. The public park on the Hudson River finally opened on Friday nearly seven years after plans were unveiled, thanks to billionaire media mogul Barry Diller, whose $260 million donation has further transformed the once-derelict West Side of Manhattan.
Persons: Barry Diller, Mike Segar Locations: Little, New York City, Manhattan
Barry Diller: AT&T is making 'the great escape' with Discovery deal
  + stars: | 2021-05-21 | by ( ) www.cnbc.com + 0.96   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Diller: AT&T is making 'the great escape' with Discovery dealTelecom giant AT&T announced Monday a deal to combine its content unit WarnerMedia with Discovery, paving the way for one of Hollywood’s biggest studios to compete with media giants like Netflix and Disney. Barry Diller, IAC and Expedia chairman, joined "Squawk Box" on Friday to discuss the deal.
Persons: Barry Diller Organizations: Discovery, Telecom, Hollywood’s, Netflix, Disney, IAC
IAC chairman Barry Diller called the WarnerMedia-Discovery merger the "great escape" for AT&T. "Ma Bell should be dead and buried by now." Media mogul Barry Diller criticized AT&T's WarnerMedia-Discovery merger in an interview on CNBC's "Squawk Box" that aired on Friday, saying AT&T was using the "power of monopoly" to stay afloat. Diller, the chairman of IAC and Expedia, called the WarnerMedia-Discovery merger the "great escape" for AT&T. Ma Bell should be dead and buried by now," he said, referring to AT&T's old nickname when the company was called Bell Telephone.
Persons: Barry Diller, Ma Bell, Diller, David Zaslav, It's, he's scrappy Organizations: Media, T's, IAC, Bell, Netflix, Disney, Discovery, CNBC
Business mogul Barry Diller on Friday ripped into Apple over the fees it charges companies that have applications on the iPhone maker's App Store. Apple steadfastly defends its policies, saying the money it gets from commission fees goes into maintaining and securing the App Store in a way that ultimately benefits app makers. "The idea that they actually justify it by saying, 'We spend all this money protecting our little App Store,'" Diller said. Apple has a "quasi-monopoly" along with Alphabet's Google, which runs the Google Play app store for Android devices, Diller said. Diller took aim at the way Apple forces in-app transactions to flow through the App Store's payments system.
Persons: Barry Diller, Expedia, Apple, Diller, Tim Cook, you've, NBCUniversal's Peacock Organizations: Apple, IAC, Epic Games, Google, FCC, Fox, Paramount Pictures, CNBC, Netflix, Disney
Netflix has already won the streaming wars, media mogul Barry Diller told CNBC on Friday. "Netflix won this several years ago, they're the only ones who have the scale and momentum to keep making these somewhat lunatic investments in programming," Diller, the chairman of IAC, said in an interview with Andrew Ross Sorkin. "You cannot compete with the momentum, the scale, no one will ever be able to do that." However, Diller said doesn't think the new deal will lead to a company that can take over Netflix's success. Still, the deal can be considered the "great escape" for AT&T, Diller said.
Persons: Barry Diller, Diller, Andrew Ross Sorkin, Disney's, Comcast NBCUniversal's, ViacomCBS, David Zaslav, doesn't, Ma Bell Organizations: Netflix, CNBC, IAC, Disney's Hulu, Disney, Comcast, Paramount, AMC Networks, AMC, T, Apple, YouTube
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC's full interview with Barry Diller on building 'Little Island,' AT&T-Discovery, travel and moreBarry Diller, IAC and Expedia chairman, joined "Squawk Box" on Friday from the newly opened 'Little Island' off of Manhattan to discuss why he funded the building of the park, his take on AT&T's deal with discovery, the travel sector as leaders around the country begin easing pandemic restrictions, cryptocurrency and more.
Persons: Barry Diller Organizations: IAC Locations: Manhattan
Barry Diller on the challenges to build New York City's 'Little Island'
  + stars: | 2021-05-21 | by ( ) www.cnbc.com + 0.94   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Diller on the challenges to build New York City's 'Little Island'New York City opened its first ever floating park called "Little Island" on Friday. The park took more than five years to build and was funded by donations from the foundation headed up by Barry Diller, IAC and Expedia chairman, and fashion designer Diane von Furstenberg. Diller joined CNBC's Andrew Ross Sorkin on the island to discuss the project.
Persons: Barry Diller, Diane von Furstenberg, Diller, CNBC's Andrew Ross Sorkin Organizations: IAC Locations: New York, ' New York City
Barry Diller: Apple's App Store 'over charged in a disgusting manner'
  + stars: | 2021-05-21 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBarry Diller: Apple's App Store 'over charged in a disgusting manner'Apple CEO Tim Cook is set to take the witness stand Friday to defend the company’s App Store against charges that it has grown into an illegal monopoly. Barry Diller, IAC and Expedia chairman, joined "Squawk Box" on Friday to give his take on the legal battle.
Persons: Barry Diller, Tim Cook Organizations: IAC
Cramer reacts to Barry Diller saying Apple overcharges companies in 'disgusting manner'
  + stars: | 2021-05-21 | by ( ) www.cnbc.com sentiment -1.00   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer reacts to Barry Diller saying Apple overcharges companies in 'disgusting manner'Business mogul Barry Diller on Friday ripped into Apple over the fees it charges companies that have applications on the iPhone maker’s App Store. CNBC's Jim Cramer and David Faber discuss the debate over the App Store charges.
Persons: Cramer, Barry Diller, CNBC's Jim Cramer, David Faber Organizations: Apple
IAC chairman Barry Diller: Cryptocurrency 'is a con'
  + stars: | 2021-05-21 | by ( ) www.cnbc.com sentiment -0.50   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIAC chairman Barry Diller: Cryptocurrency 'is a con'Barry Diller, IAC and Expedia chairman, joined "Squawk Box" on Friday to give his thoughts on the cryptocurrency craze.
Persons: Barry Diller, Cryptocurrency Organizations: IAC
Snap CEO Evan Spiegel on Friday said the social media company is happy to pay Apple's 30% commission rate on in-app transactions. "We really feel like Snapchat wouldn't exist without the iPhone and without the amazing platform that Apple has created," Spiegel said on TechCheck. "We're really aligned with them on the changes they're making to help protect privacy," Spiegel said. "So far, that transition has gone smoothly for our business," Spiegel said. His comments come a day after Snap acquired British company WaveOptics for $500 million and after the company's annual Snap Partner Summit.
Persons: Evan Spiegel, Friday, Spiegel, Barry Diller, Diller, Tim Cook, Apple Organizations: Apple, Epic Games, Snap, Partner
Barry Diller said Apple overcharges "in a disgusting manner" on its App Store. The comments come as Apple defends itself in a trial that focuses on if its App Store is a monopoly. Business figures are split on Apple as CEO Tim Cook testifies in an antitrust trial focused on the App Store. Diller criticized Apple for using its "quasi-monopoly" to overcharge companies like his in "a disgusting manner" through its App Store commissions. "The idea that they actually justify it by saying, 'We spend all this money protecting our little App Store,'" Diller told CNBC.
Persons: Barry Diller, Apple, Spiegel, Tim Cook, Evan Spiegel, Cook, Diller, Expedia, Read Organizations: Apple, CNBC Locations: California
Media mogul Barry Diller says cryptocurrencies are a 'con'
  + stars: | 2021-05-21 | by ( Jesse Pound | ) www.cnbc.com sentiment -1.00   time to read: +2 min
Veteran investor and IAC chairman Barry Diller said Friday that he doesn't trust cryptocurrencies and believes that the digital assets are "a con." Other crypto assets, including ether and dogecoin, also declined. Cryptocurrencies had surged in price in the past year as big-name investors and institutions began to embrace the new asset class, in particular bitcoin and ether. Hedge fund veteran Stanley Druckenmiller said earlier this month that a potential dominant cryptocurrency for everyday commerce likely hasn't been invented yet. In the early afternoon on Friday, bitcoin was trading at just over $37,000, according to Coin Metrics.
Persons: Barry Diller, cryptocurrencies, Diller, Elon Musk, Cryptocurrencies, Stanley Druckenmiller, bitcoin Organizations: IAC, Tesla, GameStop, Metrics Locations: U.S, China, bitcoin
IAC Chairman and veteran investor Barry Diller. Michael Seto/Business InsiderBarry Diller, veteran investor and IAC chairman, called cryptocurrencies a "con" during a CNBC interview on Friday. Diller made his comments during this week's crash in bitcoin and other cryptocurrencies that was stoked by regulatory concerns. Cryptocurrencies are a "con," billionaire investor Barry Diller told CNBC on Friday. Next week, IAC is set to spin off video-hosting site Vimeo, whose shares are set to trade under the "VMEO" ticker on Nasdaq starting Tuesday.
Persons: Barry Diller, Michael Seto, Price, Diller, bitcoin, Liu, selloff Organizations: Business, IAC, CNBC, Care.com, Fox Broadcasting, People's Bank of China, Nasdaq Locations: bitcoin, China
People visit Little Island Park, almost three acres of new public park space which sits on stilts over the Hudson River and the remnants of Pier 54 in the larger Hudson River Park, on Manhattan's West Side, during the park's opening day in New York City, New York, U.S., May 21, 2021. The public park on the Hudson River finally opened on Friday nearly seven years after plans were unveiled, thanks to billionaire media mogul Barry Diller, whose $260 million donation has further transformed the once-derelict West Side of Manhattan. The latest addition, nicknamed Diller Island, is "eye candy" and "a charmer, with killer views," according to New York Times architecture critic Michael Kimmelman. The Diller - von Furstenberg Family Foundation of Diller and his wife, the designer Diane von Furstenberg, will pay for maintenance for the park for the next 20 years. Diller also built his IAC (IAC.O) corporate headquarters near the High Line in a building designed by star architect Frank Gehry.
Persons: Mike Segar, Barry Diller, Diller, Michael Kimmelman, Janet Alvarez, Alvarez, von Furstenberg, of Diller, Diane von Furstenberg, Frank Gehry Organizations: REUTERS, New York Times, von Furstenberg Family, of, IAC, Thomson Locations: Little, Hudson, New York City , New York, U.S, Manhattan, District, Lusitania
“This is completely Barry’s dream,” says fashion doyenne Diane von Furstenberg. She’s talking about Little Island, a new public park floating on the Hudson River that was conceived by her husband, media mogul Barry Diller. Diller, 79, is at the family home in Beverly Hills, a vast property that expanded from a bungalow he purchased in 1974, when he became chairman of Paramount Pictures at 32. Diller and von Furstenberg’s romantic relationship is well documented. (She has two children, Alexandre, 51, and Tatiana, 50, from her first marriage, to Prince Egon von Furstenberg.)
Persons: Diane von Furstenberg, She’s, Barry Diller, Thomas Heatherwick, Mary, Andrew Cuomo, , ” Diller, ” Von Furstenberg, Diller, He’s, Hugh Jackman, von, Alexandre, Tatiana, Prince Egon von Furstenberg Organizations: Paramount Pictures, Paramount, Fox Studios, QVC, IAC, Group, Expedia, Sin, MGM Resorts International Locations: Little, Manhattan, New York, Belgian, Cloudwalk, Connecticut, Beverly Hills, Sin City, New York’s
May 20, 2021Rising from the Hudson River, Little Island preens atop a bouquet of tulip-shaped columns, begging to be posted on Instagram. Mega-mogul Barry Diller’s $260 million, 2.4-acre pet project and civic mitzvah, near 13th Street in Hudson River Park, is the architectural equivalent of a kitchen sink sundae, with a little bit of everything. Because nothing in New York gets built without a struggle, opponents battled for years in court to stop Little Island. A real estate titan who had bones to pick with the Hudson River Park Trust supported a series of legal challenges. A deal brokered by New York’s governor, Andrew M. Cuomo, ultimately rescued the project and also delivered public commitments to enhance protections for wildlife habitats and improve other parts of the four-mile-long, 550-acre Hudson River Park.
Persons: Barry Diller’s, Carpathia, Diller —, Diller, Thomas Heatherwick, Heatherwick, Andrew M, Cuomo Organizations: Manhattan’s, Hudson, New Locations: Hudson, Little, Hudson River, New York
New York's first ever floating park to open Friday
  + stars: | 2021-05-20 | by ( ) www.cnbc.com + 0.73   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew York's first ever floating park to open FridayNew York City is slated to unveil its first ever floating park on Friday. The park took more than five years to build and was funded by donations from the foundation headed up by Barry Diller and fashion designer Diane von Furstenberg.
Persons: Barry Diller, Diane von Furstenberg Organizations: New Locations: New York City
Care.com’s CEO on How Covid-19 Disrupted Child Care for the Better
  + stars: | 2021-05-19 | by ( Kathryn Dill | ) www.wsj.com sentiment -0.69   time to read: +1 min
When Barry Diller’s IAC/InterActive Corp. acquired Care.com at the end of 2019, Tim Allen raised his hand for the top job. A 15-year IAC veteran, Mr. Allen was looking for a new challenge after helping build dozens of the online companies in the group’s portfolio. The chance to helm the nation’s largest online marketplace for babysitters and other caregivers appealed to the father of 6-year-old twins. Under Mr. Allen, Care.com was implementing more safeguards when the pandemic struck. The 43-year-old Mr. Allen recently spoke with the Journal from his home in Austin, Texas.
Persons: Barry Diller’s, Care.com, Tim Allen, Allen, lockdowns Organizations: Barry Diller’s IAC, IAC, Wall Locations: Austin , Texas
New York (CNN Business) Expedia, LendingTree, Ticketmaster and Tinder owner Match were all once part of IAC, the sprawling media and e-commerce conglomerate controlled by mogul Barry Diller. CNN Business caught up with Vimeo CEO Anjali Sud last week ahead of the upcoming spinoff. "This is happening earlier than I would have thought because the pandemic has exposed the business world to the need for professional quality video," Sud said. Vimeo already has an impressive list of big corporate customers, including Amazon, Comcast, Rite Aid, Sottbank, Spotify and Starbucks. And now that Vimeo is getting ready to trade on its own, Sud said she hopes that not much will change.
Persons: Barry Diller, Rowe Price, Anjali, I've, scrappy Organizations: CNN, Ticketmaster, IAC, CNN Business, Sud prophetically, Amazon, Comcast, Rite, Spotify, Starbucks, Hollywood, Warner Locations: York, LendingTree, Corporate America
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