Diller, a former Paramount Pictures CEO, predicted a domino effect should the dual strikes not resolve quickly.
"These conditions will potentially produce an absolute collapse of an entire industry," he said.
That means that by the time the strikes are settled, there won't be enough money to ramp programs back up.
AI companies must come up with a fair business model before ingesting publishers' copyrighted work, Diller said.
"It took 15 years to get back on paywalls that protected publishers," Diller said.
Persons:
Barry Diller, Diller
Organizations:
IAC, CBS, Paramount Pictures, Google, Microsoft, CNBC, YouTube, Hollywood
Locations:
Hollywood