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How Barry Diller Built Entertainment Empires

How Barry Diller Built Entertainment Empires

14 segments available

Media legend Barry Diller joins Patrick O'Shaughnessy to discuss his remarkable journey from the William Morris mailroom to building entertainment giants like Fox and pioneering internet commerce. Diller shares candid insights on curiosity as an innate trait, the power of creative conflict in organizations, and his transition from entertainment executive to internet opportunist with 150+ deals. He reflects on working with icons like Rupert Murdoch during Fox's creation, the origins of The Simpsons, and navigating major industry transformations. Diller offers honest perspectives on Hollywood's decline, AI's impact, and how family ultimately gave his life meaning beyond professional success. Timestamps: 0:00 Intro 5:01 Fearlessness 10:16 Seeing Chat GPT Early 12:45 Creative Conflict 16:45 Instinct vs Data 21:11 Entertainment Innovation 22:05 Movie of the Week Success 23:44 Working with Murdoch 34:04 Internet Opportunist Era 37:02 Bill Gates 42:00 MGM Investment 44:55 Best Negotiation Advice 47:52 Simpsons Origins 54:48 Publishing In AI Era #BarryDiller #MediaIndustry #Entertainment #Fox #InternetPioneer #InvestLikeTheBest #Investing #Hollywood #Innovation #Leadership #founder Presented by Ramp: https://ramp.com/business-cards?utm_s Sponsored by AlphaSense and Ridgeline: https://www.alpha-sense.com/invest/ https://www.ridgelineapps.com/ ****** Patrick O'Shaughnessy is the CEO of Positive Sum. All opinions expressed by Patrick and podcast guests are solely their own and do not reflect the opinion of Positive Sum. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Clients of Positive Sum may maintain positions in the securities discussed in this podcast. To learn more, visit psum.vc

Segments Timeline

1
0:00 - 5:01
5:01 duration834 words

Intro

"When I met Rupert, I had always wanted to start a fourth network because I thought the three networks were boring. And he said, "Great." I said, "What do you mean great?" He said, "Do it." Well, we ha..."

2
5:01 - 10:17
5:16 duration919 words

Fearlessness

"his office. I was the only one on the floor at the time uh and said, "Okay, you do this." And and I told Mr. Bluedorn after he had thought he'd clenched this deal to kind of save his purchase of Param..."

3
10:17 - 12:48
2:30 duration377 words

Seeing Chat GPT Early

"no, turn it this way instead of that way. I I want that. I want this or I wasn't that obviously argumentative in a subject, but I think we all have stuff that we would like to control and find our eit..."

4
12:48 - 16:47
3:59 duration640 words

Creative Conflict

"this is in '92 so it's 3 years before the internet gets used by people and uh of course I didn't see that but what I saw was interactivity in screens and I was dumbruck by it probably more so than the..."

5
16:47 - 21:11
4:23 duration735 words

Instinct vs Data

"that yes, of course, if you're if you're not discontented and and I think if I had grown up in a different environment and I wasn't in this in this dysfunctional environment that I was in with all the..."

6
21:11 - 22:05
0:54 duration150 words

Entertainment Innovation

"I would just basically say, you know, so I didn't understand what he was really talking about. I just using language I didn't understand. And I was, "Yeah, yeah yeah yeah yeah yeah yeah yeah." And a c..."

7
22:05 - 23:45
1:40 duration287 words

Movie of the Week Success

"many of them. What innovation stands out as the thing you're most proud of to the extent you are proud of something? I was very lucky. The first real responsibility that I had was to make these origin..."

8
23:45 - 34:04
10:19 duration1578 words

Working with Murdoch

"program which does not happen today. No no no no. See, it's not I mean, yes, actually, you'll get I guess someone will watch a Tik Tok a mega event will do that, but that's incredibly rare. A movie ev..."

9
34:04 - 37:04
3:00 duration466 words

Internet Opportunist Era

"And I couldn't turn away from it. I mean, as much as I tried, I don't know how much I really tried, but as much as ideas or convictions do dissipate, the you are or you're not, I could not accept that..."

10
37:04 - 42:00
4:56 duration814 words

Bill Gates

"same thing I listen what the screw do I know about this but uh I would approach this this this next super period uh in the same way which would make me very wary of uh what now seems to be the cat's m..."

11
42:00 - 44:56
2:55 duration489 words

MGM Investment

"whole thing about dodging every aspect of age and thinking about it and conceptualizing, which I think is horrible of thing to do. So I stay way away from it. But the one thing I am aware of for me, I..."

12
44:56 - 47:52
2:56 duration450 words

Best Negotiation Advice

"it's people's ingredients and their history and whatever Johnson engineer by training uh but he is he has such pure uh ability to analyze almost any situation because he brings this engineer's frame w..."

13
47:52 - 54:50
6:57 duration1127 words

Simpsons Origins

"that kind of environment out of it's going to come pretty good people. What made Eisner so Oh, Michael is just this big gy guy who just his brain is so creative and his mind is so fertile that just ou..."

14
54:50 - 58:22
3:32 duration521 words

Publishing In AI Era

"quickly you It used to be there was a cultural event uh take take uh one of the great cultural events of this of uh which was roots uh which was the seinal thing that went for 11 nights and captured 4..."