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Is Barry Diller ready for foray into Web video?

Some observers expect Diller to soon branch off in yet another direction: online video. A former chairman of Parmount Pictures and once one of Hollywood's most influential executives, Diller has signaled his readiness to get back to his roots.

Almost 15 years after turning his back on the entertainment industry, the things that interests Diller most now are "programming ideas," he told British newspaper The Guardian in October.

Diller's conglomerate has begun snatching up media companies. IAC last year took a 25 percent stake in music discovery site and acquired humor site CollegeHumor. The company is expected to soon team up with the Web publication to launch a satirical news site.

IAC has also named Michael Jackson, the former president of cable channel USA Networks, as president of programming. The question is, what programming are Diller and Jackson looking for?

In October 2005, Diller told a conference gathering in San Francisco that his company would someday be involved with "producing, financing and distributing filmed digital product." He said at the time that IAC would make movies ranging in length from 30 minutes to two hours.

So don't look for Diller's conglomerate to make a Murdoch-esque offer for a or YouTube wannabe. Diller has commented in recent months about how social-networking sites don't interest him.


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