From KCRW, I'm Kim Masters, and this is The Business.

I said, look, we are 50, and we are pampered by life,

but we should go back to the mentality we had when we were 19 or 20,

and somebody told us, you have 19.5 million to make a movie, can you do it?

And you should go, yes, we can.

Guillermo del Toro has worked with budgets far bigger than the one he had to make his newest film,

the shape of water. But without having to worry about delivering huge grosses to justify the cost

of his film, Del Toro found the freedom to tell a story he's been wanting to share for years.

Del Toro tells us about getting encouragement from fellow Mexican filmmakers Alfonso Quaron

and Alejandro Iniaritu to leave Pacific Rim 2 and pursue the shape of water.

And he explains how to film underwater scenes on the cheap without any water.

But first on the news banter, existential dread. Stay tuned, it's the business from KCRW.

I am joined by my associate and banter, Matt Bellany of the Hollywood reporter. Hello, Matt. Hi there.

So huge news this past week, you know, we knew it was coming,

but now that it's real, it feels so sort of disruptive and scary to a lot of people in this

industry, which is the Disney acquisition of most of Fox. Fox will keep Fox News and they'll keep

some sports stuff. We don't know what will happen to this TV channel that brings you the Simpsons

and Empire and various shows.

That stuff stays with the Murdox, but the film studio, the TV studio that makes a lot of this programming

and programming on other networks like Modern Family on ABC, Fox Searchlight.

All of this property is going to Disney, a lot of intellectual property, very valuable, but hugely disruptive to

this industry. Yeah, I mean, it's $52 billion worth of intellectual property and distribution channels

...