You’re right, Ari did say that.
I’ll comment on all of the positions involved:

Thomas Tull (Legendary Pictures)- Piracy is a big risk, no DVD market in China, find new ways to be efficient around the world

Terry Semel (Windsor Media)- Didn’t care about piracy too much but didn’t see it as a big risk. Reduce piracy by going global (read: less windowing effect)

Janice Min (Hollywood Reporter) – You aren’t getting rid of piracy.

Ari Emanuel – restrict piracy, technologists must be involved along with government to reduce piracy “shrinkage”

Barry Diller – More systems will be developed, piracy risk is a small risk
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Watching the entire thing, here’s my view:

Semel is the true “hero” of the panel that seems to be the best to “get it”. He was the main one advocating that people not live on government subsistence. The government can’t help any business, and he was one of the people in the music business. His comments seem to tailor around the fact that content is advertising. Which is quite interesting. In all of his comments, it seems the most reasonable by allowing people to have options and understanding that there are doorways that you can use. In the end, with him, content is king.

Diller does get a few points in his corner. He says that you won’t NEED as many middlemen, simply because of what the internet is doing. It’s diversifying the marketplace and you have to work to keep up. He and Semel pair off with great points. Word of mouth advertising was an idea that came up through him. Yes, he chastises Emanuel a LOT in the course of an hour. His comments about creative destruction are something that Mike would be proud of though. Diller is the one that states that the market will be difficult to be predicted simply because of all of the disruptive technology coming out. And I don’t think he’s necessarily an enemy of Netflix, as mentioned, but he sees that their business will eventually come up to oppose the major studios. They have the net distribution. They’re buying shows. Eventually, they’ll come up as a competitor to the studios in regards to the internet. Although, they really can’t do it forever.

Emanuel’s main points seem more focused on taking away access and solutions for people. This is where the main problem lies in his arguments. He’s great, when it comes to TV shows and representing his own clients, but he believes that piracy can be stopped through technology. Personally, I think this is more a groupthink flaw. You have those in the TV business who are also distributing, but it’s a very small pool of people. So the same idea runs around. I’m glad that Diller corrected him.

He also had a very interesting idea that there will be more consolidation from the studios, within the next two years.

We should really pay attention to this.

Janice tells more about the foreign market. Her belief (with stats) tells how the foreign market has a high demand for US goods. I can’t say she’s wrong since most products do well outside the US.

Tull isn’t as talkative, so I couldn’t get a good read on him. He basically answers the questions, but they’re seemingly more non committal or tailored to just him and an answer. In the end, he goes on about the foreign market being interesting. Other than that, I can’t say much to the effect of his argument, since it’s almost drowned out by the other three.

It’s a great talk, but there were some points that I noticed.

First, the idea that windowing will help, seems to have disappeared. I’m glad for this.

Second, the independent market seems to have been either ignored or suspended. This is a major place for growth.

Third, the new generation of film makers wasn’t really discussed. Either they haven’t heard about Kevin Smith’s project or it’s just not mentioned. But I’ll make the prediction that a lot of artists, are going to get out of the film world to try their own thing. What’s incredible is that the success of smalltime media was left out of this think tank entirely. They focused so much on the distribution channels and the “big boys” that I didn’t get the opinion that they cared much for what consumers wanted (Temel comes close though).

The consumers want access to media of all sorts. They want to feel that they can use licensed music without the hassle of takedowns. They also want to create, not just observe. And that’s the one thing that no one really looked at, which is a major problem.

Again, just a few thoughts, it’s a great video, but it leaves some questions lingering.