The new overlord of the land of artifice and playacting hates artifice and playacting. So young Reed grew up thinking that it was a good thing to distance yourself from elites and avoid pretensions. She was repulsed by the world of high society and taught her children to disdain it. Hastings said that his mother was a Boston debutante from a Social Register family who married a lawyer who later worked in the Nixon administration. So how did a self-described “math wonk” whose favorite pastimes are walking and thinking, a man who trained for a time with the Marine Corps before switching to the Peace Corps, teaching math in Swaziland, render old Hollywood irrelevant? Hastings is that rarest of creatures “who will never be seduced” even though he is “playing the game there like a pitch-perfect violin virtuoso.” Diller notes, businesspeople ordinarily gravitate to Hollywood for status and glamour, but Mr. They lost hegemony over an entire industry.”Īs Mr.

“Now they’ve woken up to it, and it has slipped away from them and is never to be regained. “They were all asleep to it during the early ascendance of Netflix,' Barry Diller said of his fellow Hollywood moguls. And Janice Min, the former co-president of The Hollywood Reporter, agrees that Netflix is “winning the pandemic,” siphoning viewers from broadcast and cable. Mayer.īen Smith, the New York Times media columnist, wrote an obit recently for old Hollywood. Streaming, resisted for so long by the old clubby powers, is now absolute king. Studio bosses are toppling, agents are scrambling, golden parachutes are disappearing, Disney is reeling, Covid is wreaking havoc on theme parks and movie theaters and #MeToo is still reverberating.Īmid these tectonic plate shifts, Netflix has blotted out the sun.

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