"Entertainment industry heavyweights made an upbeat case for their business at the Milken Institute Global Conference in Beverly Hills, despite fast-growing competition from online video networks such as Netflix and Amazon.com," the L.A. Times' Ryan Faughnder reports.

What they're saying: MGM Television President Mark Burnett, whose company produces "Survivor," "The Voice" and "The Handmaid's Tale," told the conference: "Basically, if you're not a hit maker in what we do, you're in big trouble ... Once you have something that emotionally connects … money is falling from the sky, globally ... That money is falling into our buckets, if we have the most connective content in the world."