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

Prentice Penny was climbing the ladder as a TV writer when his mom told him about the career moves of one of their old neighbors, Issa Ray.

Like my mom calls me Prunty. She'd be like, Prini, I just read this article about this black girl who grew up in View Park who's making

this web series and this book and about Blah names Issa Rang. And my mom always thinks I know

everybody, so she's like, do you know her? Penny got to know Ray and now he's a multi-hyphenate.

He's showrunner of HBO's highly acclaimed, highly addicting, and now Emmy-nominated insecure.

And he's directing films for Netflix with an overall

deal at HBO. He tells us about his career path and his call for Hollywood to step representation

way up. But first on the news banter, Disney defies disaster. Stay tuned. It's the business from

KCRW. I am joined by my buddy in banter, Matt Bellany. Hello, Matt.

Hi there.

So a lot going on in Hollywood. Disney, which you know has been pummeled by the pandemic, announced catastrophic losses.

I mean, really a huge number.

And yet the market is convinced that Disney has a bright future.

Yeah.

Only in 2020 media, can you lose $4.7 billion in a quarter due to the total

shutdown of two of your most profitable businesses, theme parks and movie distribution. And all

the sudden, you throw these streaming numbers in Wall Street's face and your stock goes up. Yes,

Disney does have 60 million subscribers to Disney

Plus, which is on the low end of their estimates for the first five years of the service,

and they've done that in nine months. And when you add in Hulu and ESPN Plus, it gets to about

$100 million. That is a pretty impressive number obviously, obviously they're not making a lot of money

...