barry_diller2.jpgI know I don’t because he’s an arrogant SOB. But he’s also a mogul who found a way to make money in New Media and the Internet. He should whisper the secret to his Hollywood pals. In the past, Diller has been outspoken that he thinks only professionals — “meaning people who are in the industry and are trained for it” – turn out the really good content able to attract big audiences. But here are his comments to Fox Business Channel calling the writers strike “stupid” but also blaming both sides for “mishandling this one”:

“I expect that it will probably be a long strike, which would be unfortunate because I don’t think it makes much sense….I think it’s stupid.  I don’t think they should have gone out on strike…Both sides must have really mishandled this one…In order to have gotten to ‘strike moment’ everyone must have screwed up, which makes it difficult to get them back to some sort of sanity.

“What this strike is about is not revenues from first usage.  It’s about revenues from what happens in this digital age, of which right now there are none…What they want to do is strike so they’re protected for the future.  The problem with that is right now it’s a future that no one can figure out…What they should have done is say, we’re going to take the next five year period – we want to know where all of these revenues are coming from.  We want to freeze this area until we can understand the revenues, which aren’t going to develop for another few years…There are no profits for the work that writers do that is then digitized and distributed through the Internet.”

Editor-in-Chief Nikki Finke - tip her here.