Inside Sun Valley's 'Summer Camp For Billionaires'
The battle over the future of the Murdoch family's 21st Century Fox media empire was at top of mind for all the business moguls gathered at the 2018 Allen & Co. conference in Sun Valley, Idaho.
Cheddar senior reporter Alex Heath went inside the ultra-exclusive, secretive confab and spoke with former AOL CEO Steve Case, Discovery CEO David Zaslav, and Y Combinator President Sam Altman, among others.
Aside from the future of Fox, the consensus at this year's "summer camp for billionaires" was that tech giants like Netflix and Apple are forcing legacy media players to consolidate their businesses and change how they deliver their content in the streaming era.
"Companies are trying to position themselves for a future where consumers are going to have more choice, more control, and more convenience," Steve Case told Cheddar. "It's going to move from more traditional distribution models ー cable ー into a much more digital model. Clearly, it was going to happen, it's just taken a longer time than we would have thought."
With the launch of Dolby Vision 2, Peacock is first to market - and live sports will never look the same. Your living room is about to feel more like a stadium.
Today's AI knows where you live, everything you said, and how your kids learn - and you may want it to. We go hands on with the smartest apps making life easier
From flush to brush, AI is taking over our bathroom. Discover how this latest smart tech is both revolutionizing our daily routines and improving our health
Tensor's Robocar will make you money while you sleep. Sony Honda's Afeela 1 blurs the line between car and companion. Welcome to the future of automotive tech
