Hollywood News Banter

TV Guide magazine chief content officer Michael Schneider joins Kim Masters to discuss top entertainment news stories of the week.

- In a much-admired smooth plan of succession, Rupert Murdoch will pass control of his media empire on to his two sons.

- Netflix is paying $30 million for the new Brad Pitt movieWar Machine. While the streaming outlet has invested in original movies before, this move represents their largest payment and serious move towards making prestigious, potentially award-worthy films.

- Disney is out about $140 million after director Brad Bird had a rare flop with Tomorrowland. It's a loss Disney can certainly afford, but some movie-lovers are worried this misstep will move them away from "original" movies and make them depend even more on reliable franchises.