Hollywood news banter

Matt Belloni, editorial director of the Hollywood Reporter, joins Kim Masters to discuss top entertainment news stories of the week.

• The annual summer gathering of the Television Critics Association is underway in Beverly Hills. But this year one of the most talked-about shows is one that hasn't even started production yet. HBO programming president Casey Bloys admitted that the way they announced the upcoming show Confederate -- via press release with no context -- may have been misguided.

• Amazon is dipping its toe in the waters of self-distribution with the upcoming Woody Allen movie Wonder Wheel.

• At $180 million, Luc Besson's Valerian is the most expensive independent movie ever made. So far, it's landed with a thud in the US, but may do better in China. Still, it looks like a lot of investors will be losing money.