The Business

It’s official, KPop Demon Hunters’ sing-along screenings were a resounding success. The film about a KPop girl group who also hunt… well, you know… became an immediate global phenomenon via streaming on Netflix when it was released in June. Now that the desire for communal experiences has been made abundantly clear, what will this mean for the franchise going forward? Kim ...

This week on a special episode of The Business, Kim Masters talks with Shrinking co-creator and star Jason Segel, recorded live at KCRW’s Annenberg Performance Studio. Segel looks back on highlights from Freaks and Geeks, Forgetting Sarah Marshall, and The Muppets. He also discusses how Shrinking, now nominated for five Emmys, came together with co-creators Bill Lawrence and Brett Goldstein.

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David Ellison’s Paramount is off to a loud start, rolling out a James Mangold/Timothée Chalamet crime drama and a $7.7 billion, seven year UFC deal. Will the studio’s bold strategies play out as intended? Kim Masters and Matt Belloni break down Paramount’s next act.

Plus, Masters talks to documentarian Petra Costa about Apocalypse in the Tropics, a follow-up to...

This week, Kim Masters speaks to Severance director and cinematographer, Jessica Lee Gagné. The Quebecois filmmaker reflects on her collaboration with Severance executive producer Ben Stiller, which began on the Showtime limited series Escape at Dannemora. She discusses becoming the first woman to be Emmy-nominated in the same year for both cinematography and directing in a drama series, and...

Kim Masters speaks to Platonic co-creators Francesca Delbanco & Nicholas Stoller about what inspired their show about the comedy and complications of grown-up friendships. They talk about the challenge of writing characters—played by Rose Byrne and Seth Rogen—with none of the underlying sexual tension that has propelled so many television comedies to success. They also remember the ...

[Editor’s note: this segment was taped before news broke of the FCC approval of the Paramount-Skydance merger.]

New details from the ongoing Paramount-Skydance merger reveal a $20 million agreement to deliver public service announcements for the Trump administration. And following from the cancellation of The Late Show with Stephen Colbert, CBS News braces for potential ch...

In the conclusion of Kim Masters’ two-part conversation with Barry Diller, the veteran businessman reflects on his time helping build Rupert Murdoch’s Fox empire. Diller also criticizes studios for spreading misinformation—citing Oliver Stone’s JFK in particular—and weighs in on the now-resolved Trump-Paramount dispute, and the prospect of a David Ellison-led studio.

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Kim Masters talks to Barry Diller about his memoir, Who Knew? The legendary studio exec reflects on his quick rise at ABC and how helped transform the third-ranked broadcast network into a force to be reckoned with. He also remembers a much happier time at Paramount, where he presided over a studio staffed with future industry stars. He also opens up about why none of his friends in the business ar...

Kim Masters talks to writer & director Larry Charles about his new memoir Comedy Samurai. He shares stories about writing for Seinfeld, directing Curb Your Enthusiasm, and his chaotic experiences working with Sacha Baron Cohen on Borat and Bruno. Charles also tells the story of an early morning call from Ari Emanuel that pulled the plug on his Larry David documentary the day before its HBO prem...

Eric Deggans chats with veteran sitcom showrunner Phil Rosenthal about the current state of the industry. The creator of Everybody Loves Raymond and host of the unscripted Netflix series Somebody Feed Phil reflects on how studios shape viewership data to fit their narratives. Rosenthal recalls challenging flawed testing at CBS early in his career and he reflects on the success of Raymond. He also s...

Disney and Universal sued generative AI company Midjourney last week over claims that the startup plagiarized characters from their movies and shows, such as The Simpsons and Star Wars. After remaining mum on the use of AI in movies and shows so far, studios are getting involved in this debate. But why now? Kim Masters and Matt Belloni break it down.

Plus, Masters talks to GLAAD...

Warner Bros Discovery is breaking into two entities: one dedicated to streaming and studios (HBO, DC, and Warner Bros Pictures) and another for global networks (CNN, TNT, TBS). What does this mean for the future of both divisions and CEO David Zaslav’s standing in Hollywood? Kim Masters and Matt Belloni unpack it all. 

Plus, Eric Deggans talks with Adam Arkin about hi...

A shareholder revolt is underway at Warner Bros. Discovery… meaning, a 60% vote against CEO David Zaslav’s $52 million pay package for 2024. What drove the investor backlash? Meanwhile, Disney is back in layoff mode, with hundreds affected in the latest wave of budget cuts. Kim Masters and Matt Belloni explain what’s behind both moves.

Plus, Masters talks to L...

As the Trump administration moves to slash NPR’s federal funding, the network and three Colorado stations have fired back with a First Amendment lawsuit. Meanwhile, Hollywood’s theatrical business is booming. Memorial Day weekend raked in $326 million — up from $132 million last year — thanks to a packed release slate. Who was the biggest box office winner over the holiday w...

CBS News president Wendy McMahon has stepped down from her post as tensions escalate over ongoing Paramount Global-Trump settlement talks. With the deal already under scrutiny from senators, what’s in store for Shari Redstone's Skydance merger? Kim Masters and Matt Belloni dive into this and more major media shake-up stories.

Plus, Masters talks to director Matt Wolf about Pee-wee as Himself,...

Warner Bros. Discovery has renamed its streaming service once again. Beginning in the summer of 2025, “Max” will be “HBO Max” again. The company dropped “HBO” from its name in 2023, a move which was widely recognized as the company’s attempt to become more competitive with a company like Netflix in its programming variety. The name change signals a renewed ...

President Trump stunned Hollywood over the weekend with his announcement of a 100% tariff on films produced outside the U.S., framing it as a move to revive domestic production and counter foreign incentives. The industry responded with confusion and concern, warning that such tariffs could sharply raise production costs, reduce the number of films made, and hit moviegoers with higher ticket prices. Kim Masters...

The Trump administration’s scorched-earth media strategy has claimed new casualties at the Corporation for Public Broadcasting, including Sony Film Chief Tom Rothman. Meanwhile, the president’s $20 billion lawsuit against Paramount Global continues to force Shari Redstone into what could be a legacy-defining moment. But how will the CBS News staff react to a settlement with Trump? Kim M...

60 Minutes executive producer Bill Owens has resigned amid mounting pressure on Paramount Global to settle a $20 billion lawsuit from Donald Trump. What could a deal with the president mean for Shari Redstone’s legacy? Kim Masters and Matt Belloni dive in.

Plus, Masters speaks to Jared Hess about his pop-culture-shifting filmography which includes cult classics Napoleon Dynamite,...