Film and television veteran Barry Diller is the chairman and chief executive officer of IAC/InterActiveCorp, a new media conglomerate specializing in e-commerce. In the 1960s Diller was a television programming executive for ABC, where he was credited with developing the popular ABC Movie of the Week. He left ABC in the early '70s to become the chairman of Paramount Pictures, a post he held for ten years. Under Diller's leadership, Paramount went from last place in Hollywood to the top of the heap, thanks to hit television shows such as Cheers and Taxi and to feature films like Saturday Night Fever (1978, with John Travolta) and Steven Spielberg's Raiders of the Lost Ark (1980, starring Harrison Ford). Diller left Paramount in 1984 and joined 20th Century Fox, where he organized the formation of the FOX Network for boss Rupert Murdoch. In 1992 Diller bought a stake in a home-shopping cable channel, QVC, and ran the unglamorous but profitable television network until 1995, when he left to become head of Silver King Communications, since renamed IAC/InterActiveCorp.