Barry Diller | |
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 Diller in 2009 | |
| Born | Barry Charles Diller February 2, 1942 |
| Education | University of California, Los Angeles (no degree) |
| Occupation | Media executive |
| Years active | 1964–present |
| Political party | Democratic |
| Board member of |
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| Spouse | |
Barry Charles Diller (born February 2, 1942) is an American businessman. He is chairman and senior executive of IAC and Expedia Group and founded the Fox Broadcasting Company and USA Broadcasting. Diller was inducted into the Television Hall of Fame in 1994.
Diller was born on February 2, 1942, in San Francisco, California, [1] to Michael Diller and his wife Reva (née Addison). [2] [3] However, he was raised in Beverly Hills. [2] In May 2012, New York magazine noted that Diller was "a second generation Austrian Jewish kid". [2]
Diller began his career through a family connection [4] in the mailroom of the William Morris Agency after dropping out of UCLA after three weeks. His proximity to the company's file room meant that he could spend free time reading through the archives and learning the entire history of the entertainment industry. [5] He was hired as an assistant by Elton Rule, then West Coast head of ABC, [1] who was promoted to network President at the same time Diller went to work for him in 1964, taking him on to New York City. Diller was soon placed in charge of negotiating broadcast rights to feature films. He was promoted to Vice President of Development in 1965. In this position, Diller created the ABC Movie of the Week , pioneering the concept of the made-for-television movie through a regular series of 90-minute films produced exclusively for television. [6]
Diller served for 10 years as the chairman and chief executive officer of Paramount Pictures Corporation from 1974 until 1984. With Diller at the helm, the studio produced hit television programs such as Laverne & Shirley (1976), Taxi (1978), and Cheers (1982) and films that include Saturday Night Fever (1977), Grease (1978), Raiders of the Lost Ark (1981) and sequel Indiana Jones and the Temple of Doom (1984), Terms of Endearment (1983), and Beverly Hills Cop (1984). [7] The New York Times reported in 1983 that Diller was also "one of the three key executives" for then Paramount parent company Gulf+Western, with A. D. Murphy, director of the motion picture producing program at the University of Southern California, even describing him as "probably the most successful executive in the film business today". [8] In the same article, Diller stated, among other things, that he wanted to use Paramount to make movies based on games distributed by then Gulf+Western-owned video game manufacturing company Sega. [8] As head of Paramount, Diller also put together a three-way ownership of the USA Network in 1981 in order to prevent the Gulf+Western owned Madison Square Garden from selling its interest in the network. Diller also focused on having the Madison Square Garden maintain rights to its sports games, which in turn could allow for an extended level of broadcasting for future Madison Square Garden events as not only a source of programming for the USA Network, but also as a source of programming for Madison Square Garden Network cable subscribers and any future regional pay-television network. [8]
From October 1984 to April 1992, Diller held the positions of chairman and chief executive officer of 20th Century Fox, where he created and launched the Fox network and greenlighted shows such as Married... with Children and The Simpsons . [9] [10]
On February 24, 1992, Diller announced that he would leave Fox within a three-month period, citing a desire to "own my own store". [11] After leaving Fox, Diller's company Arrow Investments Inc. purchased a $25 million stake in the QVC teleshopping network. Despite owning less than 3 percent of the network, Diller gained supervision of the network after forming a partnership with Liberty Media Corporation and the Comcast Corporation which made all of their shares a single group on matters which required shareholder approval. [12] New York Times journalist Calvin Sims noted on December 11, 1992, that Diller sought "to turn the shopping channel into an on-line entertainment and merchandising service in which the subscriber and the cable company can freely interact". [12] He then launched a bid to purchase Paramount Communications, but lost it to Viacom. Diller resigned from QVC in 1995. [13]
In August 1995, Diller acquired the assets of Silver King Broadcasting. [14] His ownership of Silver Broadcasting would be finalized in March 1996. [14] In August 1996, it was agreed that Silver King Broadcasting, now under Diller's leadership, would buy back the Home Shopping Network (HSN), a former Silver King asset which split from the company in 1992, and that the two companies would merge. [15] [16] In December 1996, Silver King Broadcasting acquired an 80% stake in HSN for $1.3 billion worth of stock, and afterwards changed its own name to HSN, Inc. [17] Through his purchase of HSN, Diller would also eventually acquire Universal's cable and domestic-television assets from the Bronfman family. [18]
Due to Home Shopping getting more notoriety on the cable networks from his former dealings with the QVC Network, Diller sought to repurpose the broadcast stations into independent, locally run stations as part of a station group dubbed USA Broadcasting of which the flagship station was WAMI-TV in Miami Beach, Florida. [19] In October 1997, it was announced that Diller would be acquiring the USA Network, which was run by Kay Koplovitz, and other Seagram-owned Universal TV businesses, which included the Koplovitz-run USA Network spinoff Sci Fi Channel, [20] for $4.1 billion and that these networks would be owned by Diller's Home Shopping Network. [21] Diller previously had owned stock in the USA Network in the early 1980s, when Paramount Pictures acquired part of the network under his leadership. [22] Paramount parent company Gulf + Western also owned the Madison Square Garden Sports Corp., which helped create the USA Network with Koplovitz. [8] [22] He was also the one who put together the 1981 USA Network ownership agreement between Paramount, Time Inc. and MCA which convinced Madison Square Garden management to not sell their interests in the network. [8]
Diller's purchase of the USA Network was finalized in February 1998. [23] In April 1998, Diller would assume the chairman and CEO positions which Koplovitz previously held at USA Networks since 1977. [20] [24] During Diller's time as head of the USA Network, the network's flagship WWF programming experienced a dramatic ratings turnaround, with WWF Raw dominating the ratings on cable television. [25] Under Diller's leadership, the USA Network also showed tolerance to the growing WWF angles which were breaking with traditional censorship and were considered controversial, with even his USA Network spokesman David Schwartz describing an incident where the wrestler Jacqueline exposed one of her breasts as "not worse than anything you see on broadcast television at that time of night, such as NYPD Blue". [26] Shaun Assel and Mike Mooneyham's book Sex, Lies, and Headlocks: The Real Story of Vince McMahon and World Wrestling Entertainment stated that "the terrain shifted completely under everyone's feet" following Diller's purchase of the USA Network and also resulted in him and Universal TV executive Bonnie Hammer, who was regarded as the most sympathetic USA Network executive when came to relations with the WWF, [27] thwarting an attempt which Koplovitz and other USA Network executives, including network entertainment head Rod Perth, made to remove the WWF from the USA Network in May 1998. [27] Hammer, who has openly credited Diller as her mentor, would in later years serve on the board of directors at IAC/InterActiveCorp. [28]
The purpose of the network was to have the flagship, WAMI, produce sports and news programming while testing locally produced general-interest programming for the other stations in the group. Due to the high costs of producing and acquiring talent for shows outside the typical areas of New York City and Los Angeles, plus the significantly low ratings such shows received in Miami Beach, the remaining shows were moved to Los Angeles to regain traction, but never did. Diller eventually sold the TV assets to Univision after rejecting a bid from The Walt Disney Company. The USA Network and its assets were later sold off to Vivendi. Diller was still involved with the USA Network until the Vivendi sale was announced in December 2001. [29] Diller retained the assets of the Home Shopping Network and the subsequent Internet assets he acquired later to bolster the HSN Online stable that later became IAC/InterActiveCorp. [30]
Diller was the Chairman of Expedia and the Chairman of IAC/InterActiveCorp, an interactive commerce conglomerate and the parent of companies including HomeAdvisor, Match Group (until 2020), Citysearch, and Connected Ventures, home of Vimeo and CollegeHumor (until 2020). IAC/InterActiveCorp is also the parent company of Tinder, UrbanSpoon, The Daily Beast, and more. [31] In 2005, IAC/InterActiveCorp acquired Ask.com, marking a strategic move into the Internet search category. He stepped down as Chief Executive Officer of IAC/InterActiveCorp on December 2, 2010. [32]
The new headquarters for the IAC/InterActiveCorp, the IAC Building was designed by Frank Gehry and opened in 2007 at 18th Street and the West Side Highway in Manhattan's Chelsea neighborhood. The western half of the block is dedicated to the building, which stands several stories taller than the massive Chelsea Piers sporting complex just across the West Side Highway. The extra floors guarantee a panoramic Hudson River view from Diller's sixth-floor office.[ citation needed ]
Diller has been on the board of Coca-Cola since 2002.
In 2003, on the PBS program NOW with Bill Moyers , Diller voiced a strong warning against media consolidation. In the interview he referred to media ownership by a few big corporations as an oligarchy, saying the concentration strangles new ideas. [33]
Diller was "the highest-paid executive [of fiscal year 2005]", according to a report by The New York Times on October 26, 2006, with total compensation in excess of $295 million (mostly from stock). [34]
In October 2019, Diller had a $4.2 billion fortune in technology companies, after investing early on in companies such as Match.com and Vimeo. [35] In 2012, Diller became an investor in the streaming service company Aereo. [36] Aereo went out of business in June 2014 after the United States Supreme Court ruled that its method of streaming media content violated copyright laws. [36]
Since 2013, Diller has co-produced more than ten Broadway shows in partnership with Scott Rudin, including To Kill A Mockingbird, West Side Story, Carousel, The Humans, Three Tall Women, Gary: A Sequel to Titus Andronicus, and A Doll's House, Part 2. [37] IAC Films has also backed numerous films produced by Rudin, including Uncut Gems, Lady Bird, Eighth Grade, The Meyerowitz Stories, and Ex Machina. [38]
In early 2020, Diller took over Expedia's day-to-day operations alongside the vice chairman Peter Kern, after the company's CFO stepped down in December 2019. [39] In the midst of the COVID-19 pandemic, Expedia's shares plummeted along with those of other travel companies. Diller announced that Expedia is generating no revenue and would have to cut costs. [40] And he has been member of the advisory board of the Peter G. Peterson Foundation.
Diller is responsible for what the media dubs "The Killer Dillers" – people whom Diller mentored and who later became major media and internet executives in their own right. Examples include Michael Eisner (who was President of Paramount Pictures while Diller was its Chairman & CEO, and went on to become Chairman & CEO of The Walt Disney Company), Jeffrey Katzenberg (a head of production of Paramount under Diller who became a co-founder of DreamWorks SKG and former head of DreamWorks Animation and Walt Disney Studios), Strauss Zelnick (President at Fox while Diller was its Chairman and CEO who became the founder and CEO of private equity firm ZMC, the chairman and CEO of video game company Take-Two Interactive), Don Simpson (who was President of Production at Paramount under Diller and Eisner before forming an independent production company initially based on the Paramount lot with Jerry Bruckheimer), Dara Khosrowshahi (CEO of Uber), Dawn Steel (a VP of Production for Paramount when Diller was Chair & CEO; she went on to become President of Columbia Pictures, one of the first women to run a major movie studio) and Garth Ancier (former president of BBC America). [41]
Diller worked with Stephen Chao at Fox Television Network, whom he later hired as President of Programming and Marketing at USA Network. Julius Genachowski, chairman of the Federal Communications Commission, served as Diller's General Counsel during their tenure at USA Broadcasting, and again as Chief of Business Operations and a member of Barry Diller's Office of the Chairman at IAC/InterActiveCorp.[ citation needed ]
On March 9, 2022, The Wall Street Journal reported that Diller, David Geffen and his stepson, Alex Von Furstenberg were being investigated by the Securities and Exchange Commission and the United States Department of Justice for insider trading of options on Activision Blizzard just three days before Microsoft's announced acquisition. Diller denied the allegations and claimed "It was simply a lucky bet". [42]
In December 1992, it was publicly noted how Diller saw potential in online service. [12]
In 2001, Diller married fashion designer Diane von Fürstenberg, mother of Prince Alexander von Fürstenberg and Princess Tatiana von Fürstenberg. Diller owns an estimated third of her eponymous fashion company. [43] [44] As of June 2020, Diller's estimated net worth was $4.2 billion. [45] [1] He owns Eos , one of the largest private sailing yachts in the world. [46]
The media has speculated on Diller's sexual orientation. As reported in James B. Stewart's 2005 book DisneyWar , Michael Eisner sent a confidential letter to The Walt Disney Company board of directors in 1997 during its search for a successor to Eisner. [47]
Pressed by the board to name a successor, Mr. Eisner cited the entertainment executive Barry Diller, but then wrote a confidential letter to the board saying that “the fact he is a homosexual should have no weight,” which, at the time, all but guaranteed Mr. Diller would never succeed him.
However, New York wrote in 2001 that Diller is "often referred to as bisexual", stating that he has "lived most of his adult life as a more or less openly gay man", but also that his relationship with Diane von Fürstenberg "is said to be a warm and genuine one". [49]
Diller is a member of the Democratic Party and supporter of related political causes. [50] In 2012, he stated his support for Barack Obama's reelection campaign despite misgivings with aspects of the Obama administration's record, and expressed his approval of then-Mayor of New York City Michael Bloomberg. [51] In 2015, Diller criticized Republican candidate Donald Trump's impact on political discourse and said he would leave the country if he was elected. [52]
During the 2020 Democratic primary, Diller expressed reservations over Elizabeth Warren, but stated he would support her over Trump if she was nominated. [53] In 2024, Diller was among those who called for U.S. President Joe Biden to end his bid for re-election after his poor debate performance and other disconcerting signs on the campaign trail. [54]
In 2011, the Diller-von Fürstenberg Family Foundation announced a donation of $20 million to support the completion of the High Line park in Manhattan. [55] In 2012, Diller donated $30 million to the Hollywood Fund, which provides health and social care to retired individuals from the show-business world. [56]
In 2015, Diller and his wife committed to donate $260 million toward Little Island, a public park and performance space on a reconstructed pier 55 in the Hudson River in New York City. [57] It is stated to be the largest donation to a public park in city history. [58] [59] The park was completed on May 21, 2021. [60]
QVC is an American free-to-air television network and a flagship shopping channel specializing in televised home shopping, owned by Qurate Retail Group. Founded in 1986 by Joseph Segel in West Chester, Pennsylvania, United States, QVC broadcasts to more than 350 million households in seven countries, including channels in the UK, Germany, Japan, and Italy, along with a joint venture in China with China National Radio called CNR Mall.
HSN, Inc. an initialism of its former name Home Shopping Network, is an American free-to-air television network owned by the Qurate Retail Group, which also owns catalog company Cornerstone Brands. It is based in the Gateway area of St. Petersburg, Florida, United States.
IAC Inc. is an American holding company that owns brands across 100 countries, mostly in media and Internet. The company originated in 1996 as HSN Inc. as the holding company of Home Shopping Network and USA Network before changing its name to USA Networks, Inc. in 1999 and its television assets were sold to Vivendi in 2002. Those are now owned today by NBCUniversal, a subsidiary of Comcast.
America's Store was a US shopping television network. It was the spin-off channel to the Home Shopping Network (HSN).
Expedia Group, Inc. is an American travel technology company that owns and operates travel fare aggregators and travel metasearch engines, including Expedia, Hotels.com, Vrbo, Travelocity, Hotwire.com, Orbitz, Ebookers, CheapTickets, CarRentals.com, Expedia Cruises, Wotif, and Trivago. Over 3 million lodging facilities and flights on over 500 airlines are bookable on the company's websites. It has 16,500 employees, and its headquarters are located in Seattle, Washington.
WAMI-DT is a television station licensed to Hollywood, Florida, United States, serving as the Miami-area outlet for the Spanish-language network UniMás. It is owned and operated by TelevisaUnivision alongside Univision station WLTV-DT. The two stations share studios known as "NewsPort" on Northwest 30th Terrace in Doral; WAMI-DT's transmitter is located in Pembroke Park, Florida.
Savoy Pictures Entertainment, Inc. was an American independent motion picture company that operated from 1992 to 1997. Among Savoy Pictures' noteworthy feature films were No Escape, and Last of the Dogmen.
James Charles Kellner was an American television executive. He was a founding president of Fox Broadcasting and founded The WB network. Kellner was chairman and CEO of Turner Broadcasting System, Inc., a division of Time Warner which includes TBS, TNT, and Cartoon Network from 2001 to 2003. He was the chairman of station ownership group ACME Communications, a post held from the company's founding until its folding in 2016.
USA Broadcasting was an American television broadcasting company owned by the veteran entertainment industry executive Barry Diller. This company was the over-the-air broadcasting arm of USA Networks. Before founding USA Broadcasting, Diller was a helper in Gulf+Western's failed Paramount Television Service and News Corporation's new Fox Broadcasting Company that was launched on October 9, 1986.
Time, Inc. was an American worldwide mass media corporation founded on November 28, 1922, by Henry Luce and Briton Hadden and based in New York City. It owned and published over 100 magazine brands, including its namesake Time, Sports Illustrated, Travel + Leisure, Food & Wine, Fortune, People, InStyle, Life, Golf Magazine, Southern Living, Essence, Real Simple, and Entertainment Weekly. It also had subsidiaries which it co-operated with the UK magazine house Time Inc. UK, whose major titles include What's on TV, NME, Country Life, and Wallpaper. Time Inc. also co-operated over 60 websites and digital-only titles including MyRecipes, Extra Crispy, TheSnug, HelloGiggles, and MIMI.
Bonnie Hammer is an American network and studio executive. As of 2020, her title is vice-chairman, NBCUniversal.
The Eos is a three-masted Bermuda rigged schooner. The ship is one of the largest private sailing yachts in the world, and as of 2009 was owned by movie and media billionaire Barry Diller, husband of fashion designer Diane von Fürstenberg. According to a 2007 article in Harper's Bazaar, Eos features a figurehead of von Fürstenberg sculpted by Anh Duong. Its overall length measures approximately 305 feet (92.92m).
Jonathan F. Miller was CEO of Digital Media at News Corp until 2012 and was the chairman and CEO of America Online from 2002 to 2006.
Alexander, von Fürstenberg is an American businessman, socialite, and the son of fashion designer Diane von Fürstenberg and Prince Egon von Fürstenberg.
Qurate Retail, Inc., also known as Qurate Retail Group, is an American media conglomerate controlled by company chairman John C. Malone, who owns a majority of the voting shares.
Dara Khosrowshahi is an Iranian-American business executive who is the chief executive officer of Uber. He was previously CEO of Expedia Group, a company that owns several travel fare aggregators. He is on the board of directors of BET.com and Hotels.com, and previously served on the board of The New York Times Company.
Mindy Grossman is the former CEO of WW International. Her earlier career included executive roles at Ralph Lauren Corporation and Nike, and she was also CEO of HSN from 2006 - 2017. She has been listed on Financial Times's list of the Top 50 Women In World Business, and was ranked among Forbes' 100 Most Powerful Women In The World, as well as in Fortune's Top People in Business.
Kay Koplovitz is an American businesswoman, best known as the founder of the cable television channel USA Network, for which she served as chairwoman and CEO from its founding in 1977 until 1998 when it was sold for $4.5 billion. She was the first woman in the US to head a television network. She is also the author of the books Bold Women, Big Ideas: Learning to Play the High-Risk Entrepreneurial Game, and Been There, Run That. She is credited with creating the joint advertising-licensing model, which became widespread among cable television networks.
Gregory B. Maffei is an American businessman. He is the ex president and chief executive officer of Liberty Media and the chairman of Live Nation Entertainment, Sirius XM and TripAdvisor. He is the chairman emeritus of Starz and Expedia, as well as the former chief financial officer of Oracle and Microsoft.
Joey Levin is an American businessman, currently serving as the CEO of IAC. Levin was appointed to the position in June 2015, after previously leading the company's Search & Applications segment. In October 2022, Levin was also appointed as CEO of Angi Inc.
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