From KCRW, I'm Kim Masters and this is the business.

Jeffrey Katzenberg ran the Disney studio when it made The Little Mermaid and the Lion King.

He co-founded DreamWorks and now he's launched Quibi, which lets you stream short shows on your phone.

Quite a career, especially for a guy once trained as a card counter by some shady friends.

Literally 50 years ago. I was on a path as a very young man to be in the casino business

and look where it landed there. Always gambling, never stopped gambling, different stakes.

I've known Jeffrey Katzenberg for,

well, a very long time. We bonded early in my career covering the business when he told me that I made him want to vomit. This week, I quiz him on Quibi and looked back at our long acquaintance,

which began with Roger Rabbit. And we remember the irreplaceable Matt Holstman who created this show.

But first on the news banter, what exactly is Bob Eiger's job these days?

Stay tuned.

It's the business from KCRW.

I am joined by my partner in banter, Matt Bellany, formerly of The Hollywood Reporter.

Hello, Matt.

Hi there.

So let's talk about Disney.

I mean, everyone is very, very exposed to the horrors of this pandemic.

But Disney, in all of its businesses with the theme parks, the cruise lines, the resorts. Disney has been really slammed. I've been kind of

stunned just kind of watching this unfold. I mean, it is stunning, but there's also this very

strange thing going on where, as you may recall, Bob Iger, abruptly, in my opinion, and the

opinion of all of my sources, resigned as CEO of Disney in the middle of February,

as the manure and the fan were truly colliding. He had already shut his park in Shanghai.

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