IAC's Barry Diller Takes Up Board Seat At MGM

IAC Chairman Barry Diller.

Photo credit: World Travel & Tourism Council, under Creative Commons license

Barry Diller, the famed media mogul and current chairman of internet and media conglomerate IAC, has been announced as a new board member of casino giant MGM Resorts, notably on the heels of IAC building up a $1 billion stake in the casino operator. Diller is joining MGM's board along with IAC's current CEO, Joey Levin, bringing the total number of members on MGM's board now to 14. "We couldn't be more excited to welcome Barry and Joey to our board and to benefit from their collaboration as MGM Resorts continues developing innovative products and elevating our leadership in digital experience," Paul Salem, MGM's Chairman, said in a press statement that announced the new board appointments.

In Diller lies an entertainment and internet veteran with decades of experience under his belt. Before setting up IAC, Diller held top media positions including as Chief Executive Officer of Fox, Inc., Chief Executive of Paramount Pictures Corporation, and Vice President of Prime Time Television for ABC Entertainment. Currently, he serves on the boards of travel booking giant Expedia, where he's Chairman, and at The Coca-Cola Company. Likewise, Lewin is a tech veteran with years of experience at companies such as Groupon, LendingTree, and The Active Network. Their collective decades of experience will likely come in handy for MGM, whose business lies at an intersection between entertainment and technology.

Despite primarily being known for its physical casinos, MGM also has a sizeable online casino business that's steadily growing, and even more so, during a pandemic that has forced many away from live casinos.