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."

More In Technology

AI Boom: How Future-Self Connection Boosts Mental Health, Reduces Stress

AI is transforming industries and raising ethical questions. UCLA Professor Hal Hershfield discusses "Your Future Self" and AI's impact on psychology and media.

How Worried Should Nvidia Be About Their Stock?

Nvidia's shares are on a roller coaster, losing lost billions in market value last week. What's next for the ride?

Lumin Fitness Wants to Use A.I. to Enhance Your Next Workout

This gym is working to expand the fitness market by using A.I. as a tool, not as a replacement for human trainers.

QR Codes Lose Their Flavor: Restaurants Revert To Paper

PLUS: How the barcode, a stalwart technology, continues to evolve, promising to revolutionize the retail experience with the new 2D barcode system.

It's Time to BeReal: The Social Network's New Owner Has Big Plans

Voodoo CEO Alexandre Yazdi discusses acquiring BeReal, how the company plans to grow the app, and whether social media poses a risk for young people.

Between Social Media and Ozempic, Health Culture Is Totally Changing

There's so much dieting and nutrition advice just a swipe away. But experts say you shouldn't trust everything you see on your 'For You' page.

Years After the COVID-19 Pandemic, Respiratory Diseases Remain a Risk

Qiagen’s CEO shares the company’s plans for profitability and innovations in the world of disease testing.

Apple Intelligence Will Introduce the World to A.I.

Wired writer Brenda Stolyar breaks down the updates you may have missed from Apple’s WWDC. Plus, why when Apple does something, it ‘hits harder.’

Hybrid Vehicle Sales Surge in 2023, Outpacing EV Growth in Early 2024

In 2023, hybrid vehicle sales rose by 53%, making up 9% of new car sales. EV sales grew by 35% in 2023 but only 7% in Q1 2024. What's driving this trend?

Hey Siri: Tell Me What to Expect From Apple’s Developers Conference

Siri updates, new iPhones, and a whole lot of artificial intelligence – here’s a breakdown ahead of Apple’s Worldwide Developers Conference.

Load More