Runway founder Cristóbal Valenzuela wants Hollywood to embrace AI
At 84, veteran mogul John Malone is still a power broker, hinting at “further consolidation in the media industry” following a recent sit down with David Ellison. Should we be on the lookout for a Warner–Paramount merger? Meanwhile in Vegas, the Sphere’s $100 million Wizard of Oz reimagining leans on AI to expand the visuals and even slip in cameos of David Zaslav and James Dolan. The Directors Guild did not take kindly to the stunt. Partners in Banter Kim Masters and Matt Belloni pull back the curtain on the Sphere's Emerald City sideshow.
Plus, Masters speaks with Runway co-founder Cristóbal Valenzuela about the role of artificial intelligence in Hollywood. The Chilean-born developer acknowledges that AI may lead to some job losses, but he argues it will ultimately benefit filmmakers. He explains why studios including Lionsgate, Netflix, and Disney are already using Runway’s tools. Plus, he compares the current backlash against AI to the upheaval that followed the introduction of sound in film.
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‘KPop Demon Hunters’ slays at the box office
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 Masters and her partner in Banter Matt Belloni get into it.
Plus, in an encore conversation from January, Masters speaks to The Brutalist co-writer & director Brady Corbet and co-writer Mona Fastvold. The pair talk about the seven-year battle to get their post war epic to the big screen. They also explain their audacious decision to make a three and a half hour film with an intermission, share thoughts on the state of the country, and Corbet reveals his thoughts about Trump’s plans to demolish brutalist federal buildings.
P.S. Expect to hear much more from Fastvold as the current awards season shapes up, her forthcoming, Amanda Seyfried-led film The Testament of Ann Lee is sure to be on everybody’s lips.
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‘Shrinking’ co-creator & star Jason Segel: Live From KCRW HQ
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.
Plus, after closing the $8 billion Paramount Global deal with David Ellison’s Skydance, Shari Redstone tells her story in a New York Times interview: boardroom drama, her doubts about the Ellisons, and the Trump settlement that cleared regulatory hurdles. Matt Belloni and Lucas Shaw dig in.
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Paramount leadership announces a knockout deal for UFC rights
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 her Oscar-nominated 2019 film The Edge of Democracy. What started as a look at Brazil’s COVID response became an investigation into how religious fundamentalism, conspiracy theories and foreign influence have undermined democracy in her home country. She also recounts documenting the rise and fall of Jair Bolsonaro and the risks her crew faced while covering the country’s January 8th attempted coup.
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 the major leap of faith it took to transition from a successful career as a DP into the world of directing.
Plus, Disney is reshaping its sports strategy, launching a standalone ESPN app, and making billion-dollar deals with WWE and the NFL. Will the NFL's new stake in ESPN bring scrutiny from the Trump-led DOJ? Also, the Skydance-Paramount deal is done, and the Ellisons may have their sights set on Warner Bros. Kim Masters and Matt Belloni break it all down.
Lively banter about entertainment industry news and in-depth interviews with directors, producers, writers and actors, hosted by award-winning journalist Kim Masters of The Hollywood Reporter.
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