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Diller: Internet TV Will Transform TV Biz

AC/InteractiveCorp. Chief Executive Barry Diller said at an investor conference the Internet has enormous potential to transform the distribution chain in the media and entertainment business, including the TV business. He said emerging online video services, such as Google, bring about the end of the pay-TV industry's ability to bundle channels together, allowing consumers to access just the content they want.

"[The Internet's] ability to put you, without any filter, straight to the consumer, is going to have a huge effect [on video producers]," said Diller. "The 'a la carting of life' becomes possible for the first time once you have a screen of sufficient size that connects you to this world of possibilities that is the Internet."

Read the whole story at Smart Money »

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