People Incorporated, formerly known as IAC Inc., is a New York-based media and internet company built around a long history of creating, owning, and investing in consumer-focused businesses. The company changed its corporate name from IAC to People Incorporated in June 2026, with the new name reflecting its growing focus on People Inc., the publishing business that owns many of its most recognizable consumer brands. The change also marked a shift from IAC’s older identity as a broad internet holding company toward a more concentrated media and brand-ownership model.
The company’s core asset is People Inc., which is described by the company as America’s largest publisher. Its publishing portfolio includes more than 40 brands, including PEOPLE, Food & Wine, Travel + Leisure, InStyle, Better Homes & Gardens, and Southern Living. These brands give the company a large presence across celebrity news, lifestyle, food, travel, home, and entertainment content, reaching a broad consumer audience through websites, magazines, video, social media, and related digital products.
People Incorporated’s roots come from IAC, the company long associated with Barry Diller and a strategy of building, acquiring, and spinning off internet and media businesses. Over time, IAC became known for creating or helping develop major consumer platforms, then separating some of them into independent public companies. The new People Incorporated identity suggests a more focused stage in that history, where the company is placing more emphasis on publishing, consumer brands, and selected long-term investments rather than operating as a wide-ranging collection of internet assets.
Beyond publishing, People Incorporated also holds strategic equity positions, including a significant minority stake in MGM Resorts International and an investment in Turo. The MGM stake is especially important because it connects the company to hospitality, gaming, entertainment, and real-world experiences. People Incorporated recently proposed acquiring the remaining shares of MGM Resorts that it does not already own, showing that the company may want to combine its media-brand experience with large consumer-facing physical businesses.