Matt Belloni, executive editor of the Hollywood Reporter joins Kim Masters to discuss top entertainment news stories of the week.
- Ryan Kavanaugh's independent film studio, Relativity, has filed for bankruptcy, claiming between $500 million and $1 billion in liabilities. This was a move many had been predicting would have to happen eventually. For years it seemed like the company behind films like The Fighter and Limitless had been hemorrhaging money.
- It's been a rough summer for Sony. Pixels, the Adam Sandler movie that was poised to be their big hit at the box office, significantly underperformed, while other studios like Universal have made over a billion dollars already. Tom Rothman has his work cut out for him.
- The summer TCA gathering has started in Beverly Hills. Trevor Noah, Jon Stewart's Daily Show replacement who earlier got in hot water over some very unfunny tweets, did a presentation for critics that went over well. We'll know how the rest of the country reacts when he takes over that special seat in September.