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Technology has not only changed the way people are able to view movies, it has changed the way our industry produces and advertises movies.

Billions of people have seen and been influenced by movies in the short history of this industry.

Motion pictures are the art form of the 20th century, and one of the reasons is the fact that films are a slightly corrupted artform. They fit this century - they combine Art and business!

Societies or companies that expect a glorious past to shield them from the forces of change driven by advancing technology will fail and fall. That applies as much to my own, the media industry, as to every other business on the planet.

Personally, I don't think the film and television industries are run as well as they used to be. Oh sure, we've got great digital effects now but... where are the visionaries?

The technology is really where all of the changes have taken place, but the fundamentals of a good story being the basis of every good picture, and really the only basis still remains the rule, more so today, I think, because we've unfortunately weaned an audience from birth to kind of mindless movies.

We cannot escape that Hollywood is in the middle of a wave of technological change. The current angst over all the implications of new entertainment technology is nothing new.

Film and the other creative industries are being transformed by digital technologies.

I believe that movies are fast becoming antique and dinosauric as a medium. Film is a medium for the over-40s and television has gone the same way. If you're going to look towards the new generation, then of course you're going to have to be a lot more random, spontaneous, irreverent and provocative with your programming.

By 1951, television had already made such inroads on the income garnered by motion picture companies that the Golden Era which had prevailed until then was beginning to disintegrate. And by 1953, it had come to an end. Hollywood was a dismal, tragic place.