Member Mailing #227: Why IAC's Barry Diller Is Bullish on MGM & Not on Legacy Media Streaming

An Investment Hypothesis for MGM Sheds Light On Commerce Models Diller Is Bullish On

Last month, I relied upon a year-plus-old quote from IAC Chairman Barry Diller to make the argument that “Netflix has won" the streaming wars. 

Last week, Diller was back with another gem of a quote about the streaming marketplace to The New York Times columnist Ben Smith: 

“Disney will remain relevant into the future. All of the rest of them are caddies …