david: people said barry diller, who has been -- barry: yeah, then people said i was crazy. >> would you fix your tie, please? david: well, people wouldn't recognize me if my tie was fixed, but ok. just leave it this way. alright. ♪ david: i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer even though i have a day job of running a private equity firm. how do you define leadership? what is it that makes somebody tick? so barry, you have had a very unusual career. let me try to explain this. many people -- barry: i wish somebody would. david: ok. so many people have built media companies, and then sometimes they run them. other people have built internet companies, and sometimes they run them. what was it about your abilities do you think to be able to do both? barry: probably a couple of things. one is curiosity. i probably am more curious than those people who have been on one side or the other. i am -- let me say, i am sloppily curious. and the other thing is, it is about editorship. i mean, i

. >> people have said, barry diller -- then they said i was crazy. >> would you fix your tie, please? >> oh, people wouldn't recognize me if my tie was fixed, but okay. this way. it all right. ♪[music] >> i don't consider myself a journalist. and nobody else would consider myself a journalist. i began to take on the life of being an interviewer, even though i have a day job of running a private equity firm. how do you define leadership? somebodyt that makes tick? >> barry, you have had a very unusual career. let me try to explain this. people -- >> i hoped somebody would. >> okay. so many people have built media companies and then sometimes they've run them. and a few other people have built internet companies and sometimes they run them. what was it about your belities, do you think, to able to do both? >> i think probably it's like a couple of things. curiosity. i probably am more curious than have been onwho one side or the other. sloppy curious. and the other thing is, it's about editorship. think that certainly in media businesses, which is where choosing from, i'll do this or i

david: at that point, people said barry diller -- barry: then they were sure i was crazy.vid: low-rent qvc, where is he going? went to westchester, hearylvania, we will never about him again. david: qvc, you had a stake in it. ultimately you grew it. you started buying internet-related companies, things that's all things over the internet, ticketmaster or things like that, and put them into a company called iac. that u know at the time each of these would probably work? barry: of course i didn't. by the way, many of them didn't. david: the most successful is expedia? barry: expedia is the biggest. they range from live nation, ticketmaster, match.com. david: so you own this company and it's become a public ompany, roughly $250 million was put into by the company and worth $57 billion. barry: more or less. david: that is pretty good. your stock is up 80% this year. how are you going to top that in the business world? you can't do much better than you have done. barry: i will find something else to fail at first. you to say rompted if i did this, maybe i can do something eith

david: at that point, people said barry diller -- barry: then they were sure i was crazy.avid: low-rent qvc, where is he going? barry: went to westchester, pennsylvania, we will never hear about him again. david: qvc, you had a stake in it. ultimately you grew it. you started buying internet-related companies, things that's all things over the internet, ticketmaster or things like that, and put them into a company called iac. did you know at the time that each of these would probably work? barry: of course i didn't. by the way, many of them didn't. david: the most successful is expedia? barry: expedia is the biggest. they range from live nation, ticketmaster, match.com. david: so you own this company and it's become a public company, roughly $250 million was put into by the company and today that's worth $57 billion. barry: more or less. david: that is pretty good. your stock is up 80% this year. how are you going to top that in the business world? you can't do much better than you have done. barry: i will find something else to fail at first. david: it prompted you to say

barry: pier 55. david: not diller part? barry: no. david: you don't want that.u were starting your career over again, what area would you go to? barry: i don't know. i think i have never really had a goal. i've never said i want to be that. david: ok. barry: so to me, it was what ever i was curious about. david: one of the things i'd like to ask people about his -- is leadership. what are you the skills you had as a leader? barry: probably, kind of often blind willfulness. i think will, and from energy to propel it, but the stronger the will, i think, the more, that at least allows people to follow. david: if you were to say today what you are most proud of what you have achieved with your life, what would you say? barry: probably my marriage. david: ok. so you got married in 2001 to a very famous fashion designer. does she give you fashion advice and dressing you, or not really? barry: take a look. no. david: well, i don't know. do you give her device on internet-related things? barry: no. i mean, her instincts transcend fashion, and so anything that comes up,

emily: david rubenstein there with the iac chairman barry , diller.ch david's full conversation with barry diller wednesday at 9:00 p.m. eastern. tesla's model three is driving toward another record. first, it was america's best-selling electric car, then it became the best-selling luxury car. now it is one of the country's best-selling sedans, period. after quarterly earnings reports tuesday, tesla delivered more model three and all but four of the top sedans in the u.s. it included some deliveries to canada, but their third quarter is showing unprecedented growth an electric car and a remarkable turnaround for tesla, which has struggled for much of the year, as we know, to mess reduce -- mass produce the sedan. tesla isn't the only car company thriving. gm just received a self driving car investment. the second major investment in months. honda committed to spending $2.5 billion. $2 billion will be spent over 12 years to jointly develop autonomous cars. the exclusive partnership with ingives honda a 5% stake cruise, which has become a competitor to

. >>> okay barry diller warning the media industry it will not be able to catch netflix.he chairman yesterday and had some provocative things to say. >> they have such a lead that there is nobody that is going to compete with them at that level. doesn't mean other people are not going to have successful streaming services of 20 million, 30 million. but to think that you can invest whatever you think you can invest and ever get up to their numbers is kind of a fool'ser ran. >> after the bell last night netflix reported it had hit 137 million subscribers. we'll have much more of this interview throughout the morning. >>> recreational marijuana is now legal in canada. this was the scene [ cheers ] this was the scene last night as the first legal ounce of weed was sold the man behind the counter is bruce linton of canopy growth. that store is now closed but it will reopen at 7:30, and we'll go live then and talk to bruce people last night said this is the most excited they were about anything in their lives. seriously. >> except this next story for certain people roll out the

there withbenstein barry diller. you can catch the full conversation wednesday at 9:00 p.m.sla's model three is driving toward another record. now it is one of the country's best selling sedans. tesla delivered more model threes. it included some deliveries to but their third quarter is showing unprecedented growth for the company. tesla isn't the only car company thriving. gm just received a self driving car investment. honda committed to spending $2.5 billion. to jointlypent develop autonomous cars. stake ins honda a 5% cruz which has become a competitor to waymo. gave a profit forecast say melon of the world's largest maker of personal computers will continue to see robust demand. this tops analyst estimates. they had climbed to the top of pc markets. for bloomberg technology. tomorrow, we will be joined by jessica powell. she is out with her first book on medium. about silicon valley. this is bloomberg. ♪ welcome to daybreak australia. we are counting down to asia's major market open. here are the top stories we are covering. treasury turmoil amid further evidence of the

. >> people have said, barry diller -- then they said i was crazy. >> would you fix your tie, please?ople wouldn't recognize me if my tie was fixed, but okay. just leave it

jason: and we will hear from barry diller on the rise of streaming services.r one flower business, it is definitely blooming. jason: this is "bloomberg businessweek." ♪ ♪ jason: welcome back to "bloomberg businessweek." i'm jason kelly. carol: i'm carol massar. you can listen to us on the radio on sirius xm channel 119, and on am 1130 in new york, 106.1 in boston, 99.1 fm in washington, d.c. jason: am 960 in the bay area. in london on dab mux 3 and in asia on the bloomberg radio plus app. it is hard to count all the ways netflix and amazon have already disrupted the entertainment industry. carol: disrupted and threatened. in the latest episode of "the david rubenstein show: peer-to-peer conversations," there was a discussion about how the subscription giants could overtake the movie and tv industry. david: you expect movie and television companies to be bought by these technology companies? >> i am not sure about buy them. i think they will supersede them. the thing is that the two companies that are really dominating right now are netflix, grown totally outsi

barry diller made a speech in new york today, wrote down the quote about netflix. it is very interesting. just to shana's point. netflix started early. no one was else around at time. they have so much after lead nobody can catch up to them at this level. he said to other companies, if you think you invest and whatever invest and be netflix, that is a fool's errand. that is barely diller in new york today. they made changes so early, if you're somebody else trying to play catch-up, that is a long road, james, right? >> kind of amusing. a few years ago government thought they had to protect netflix with net neutrality rules. talk about business case, a regulatory case have humilitity. they used to look at cable operators a monopolies they had to control. this company has many more customers than any cable in the operator in company. 7 million new customers. that is more -- melissa: we have breaking news. ibm report reporting third quarter results. nicole has the numbers. >> ibm, a miss on revenue. this is the big story. revenue coming in at 18.76 billion. that misse