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PREVIEW VERSION
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Welcome back to Dry Powder. I’m Bill Cohan.
As you know, starting this February, the venerated Hollywood journalist Kim Masters will join Matt Belloni and Eriq Gardner over at What I’m Hearing (sign up here). And even though Kim is enjoying a much-deserved break after 14 years at The
Hollywood Reporter, I couldn’t resist connecting with her to get her perspective on the snowballing SpinCo phenomenon, her thoughts on David Ellison’s Paramount, who might take up Bob Iger’s mantle at Disney, and much, much more. I hope you enjoy our conversation as much as I did. Welcome to the team, Kim.
But first…
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- Media’s biggest winners (and losers) of ’24: There’s something for everyone in the latest episode of my partner Dylan Byers’ The Grill Room podcast, in which he chats with our other Puck partner, John Heilemann, about everything from the rise of Elon and the twisted power of X to the procession of entertainment and tech C.E.O.s kissing Trump’s ring. They also crowned the
media industry’s biggest winners and losers of the year. If you haven’t had a chance, you can listen to the episode by clicking here.
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Can’t see the full story? You’re receiving the free version of
Dry Powder at . For full access to Puck, and to each of my colleagues, subscribe today.
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As the new year approaches, a timely conversation with Kim Masters,
the legendary entertainment journalist and Puck’s newest partner, on the issues bedeviling Hollywood: the fate of the spinco phenomenon, the future of David Ellison’s Paramount, the never-ending succession speculation at Disney, and much more.
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Although our newest Puck partner, the phenomenally talented Kim
Masters, does not start officially until February, I couldn’t resist having a conversation with her now, to discuss the state of Hollywood these days, and what might or might not happen in 2025—a year where everything appears to be on the table, as Bob Iger once famously put it. We tackled a range of topics, from how the entertainment industry gets out of its current funk to Disney succession, and whether streaming and old-fashioned theatrical
distribution can find a way to happily co-exist. What follows is a slightly edited and condensed version of our conversation. In the meantime, get ready for Kim Masters at Puck, coming to an inbox near you—if you sign up for What I’m Hearing by clicking here.
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Bill Cohan: Kim, it’s been
accepted wisdom for a while that there’s going to be a massive realignment of the big players in Hollywood, which is underway, and not every legacy studio will survive…
Kim Masters: We’ve already seen Fox disappear into...
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Finally, a media podcast about what’s actually happening in the media—not the oversanitized,
legal-and-standards-approved version you read online. Every Tuesday and Friday, join Dylan Byers, Puck’s veteran media reporter, as he sits down with TV personalities, moguls, pundits, and industry executives for raw, honest, sometimes salacious conversations about the business of media and its biggest egos. New episodes publish every Tuesday and Friday.
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An insider-friendly tip sheet from Matthew Belloni, who spent 14 years in the trenches at The Hollywood Reporter
and five before that as an entertainment lawyer. Subscribers also receive What I’m Hearing+, a companion email focused on entertainment law, the streaming industry, and more.
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