Media mogul says Apple is foolish to challenge might of Netflix

By

Barry Diller
Barry Diller doesn't see the competition catching up to Netflix.
Photo: J.D. Lasica/Wikimedia CC

Apple can try to compete with Netflix for video streaming subscribers, but Barry Diller says Apple and others are “fools” to chase Netflix.

Diller, a studio executive turned tech entrepreneur, does not see any company gaining the number of subscribers as Netflix, which began building a base by sending DVDs of choice movies by mail.