Last updated: July 10, 2012 - 8:53am
It’s not often moguls admit they made a mistake. But lately some of the highest-paid executives at the world’s largest media companies have talked a lot about the lessons they learned from a failed industrywide attempt to pass antipiracy legislation six months ago.
The titans of both media and technology will convene in Sun Valley, Idaho, for an exclusive annual conference sponsored by the boutique investment firm Allen & Company. It will be the first time since the piracy debate went viral that top technology and entertainment executives will assemble en masse on neutral ground to discuss major issues affecting both industries. “There’s an agreement on both sides that there should be some period of time when everyone steps back and reassesses,” said Michael O’Leary, a senior executive vice president for the Motion Picture Association of America. The Sun Valley conference, known as “summer camp for moguls,” is off limits to reporters (though dozens still turn out) and famously private. In between bike rides, hikes and cocktail parties, the executives will hold meetings, listen to a variety of speakers and attend panel discussions with luminaries from sports to politics.
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