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barry diller

T2 · manager / operator

Legendary media executive who built Paramount, Fox, and IAC; pioneered the fourth broadcast network with Rupert Murdoch; early internet investor behind Match.com, Tinder, Expedia, and Vimeo; known for creative conflict management and instinct-driven decision making.

1 call·1 name·100% bull·last heard last year·Invest Like The Best
track recordleaderboard →
hit rate
0%
avg alpha
-8.2pp
scored
1

top calls

highest conviction · one per company
1sthigh conviction
$MGMMGM Resortsposition

Diller buys 24% of MGM: AI cannot disintermediate physical resorts

Physical resort experiences in Las Vegas cannot be replaced or disintermediated by AI or technology, making MGM's 11-property portfolio a durable asset in an increasingly digital world.

Invest Like The Best2025-09episode →

most discussed · click a bar to filter

  • $MGM

recurring themes

  • AI Bubble / Capex Debate1
  • Streaming & Media1
  • Search & Discovery1
  • AI Applications1
  • Creator Economy1
1 total
$MGM
···
MGM Resorts
HIGHbarry diller·Invest Like The Best·last year·How Barry Diller Built Entertainment Empires· position
Diller buys 24% of MGM: AI cannot disintermediate physical resorts
Physical resort experiences in Las Vegas cannot be replaced or disintermediated by AI or technology, making MGM's 11-property portfolio a durable asset in an increasingly digital world.
"we bought 20 known 24% of MGM. And why does that appeal to me? Because you can't disintermediate it. Because you give me any AI equation and I will tell you irrelevant to this. No…"
42:33
8
AI Bubble / Capex Debateheadwind
Diller skeptical of massive AI capex without clear revenue models
Hundreds of billions in AI infrastructure investment lack known revenue paths to justify the spend, making current capex levels structurally risky for investors.
8
Streaming & Mediaheadwind
Big Tech subscription models undermine creative economics
Netflix, Amazon, and Apple prioritize ecosystem retention over content performance, disconnecting creator incentives from audience reaction and degrading the creative process.
8
Search & Discoveryheadwind
Google search traffic collapse threatens publisher business models
Publishers dependent on Google search traffic face extinction as direct searches decline rapidly, forcing a pivot to owned audiences and IP-driven products.
7
AI Applicationsmixed
Physical experiences like MGM resorts are immune to AI disintermediation
Live, in-person entertainment and hospitality cannot be replaced by AI, creating a durable moat for physical experience businesses in an AI-dominated world.
7
Creator Economytailwind
Media brands should invert to become product incubators
Publishers like Travel + Leisure and Food & Wine should leverage content authority to launch physical products (e.g., White Lotus, Casamigos), turning media into marketing for higher-margin ventures.