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The Business

Shawn Levy talks ‘Stranger Things,’ ‘Star Wars,’ & studio shakeups

The Business

KCRW

Tv & Film

4.5697 Ratings

🗓️ 21 November 2025

⏱️ 29 minutes

🧾️ Download transcript

Summary

This week, Kim Masters talks to filmmaker Shawn Levy, who takes a short break from the London shoot of his Star Wars film to talk about the final season of Stranger Things, including Netflix's surprising decision to give the finale a limited theatrical release. He also weighs in on his work from Night at The Museum through Deadpool & Wolverine, and he shares his bittersweet feelings about an industry that’s undergoing very painful contraction.


Meanwhile, the bidding war for Warner Bros. Discovery offers no especially comforting scenario: Paramount’s deep-pocketed Ellisons, a studio-and-streamer play from Netflix, or a cautious Comcast—each facing the hurdle of FCC approval. Kim Masters and Matt Belloni dive into what each bidder’s move could mean for the town.

Transcript

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0:00.0

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

0:05.4

Sean Levy has racked up the kind of box office and streaming record that most directors can only dream of.

0:11.1

His advice to fledgling filmmakers, just go one project at a time.

0:15.2

It's okay to just make one movie well and not have it launch anything more than that one movie. Now I meet young filmmakers

0:22.7

and they come in with a pitch and they're like, this is a franchise and I'm always like,

0:26.1

well, you don't know that. How about you make one thing as perfectly as you can? Do that job,

0:32.3

because that's your job. Levy takes a short break from the London shoot of his Star Wars film

0:37.1

to talk about the final season of Stranger Things, including Netflix's surprise decision to give the finale a limited theatrical release.

0:45.1

He also weighs in on his work from Night at the Museum through Deadpool versus Wolverine, and he shares his bittersweet feelings about an industry that's undergoing very painful contraction.

0:55.6

But first we banter. Stick around. It's the business from KCRW.

1:00.3

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

1:03.8

Hi there. So we're a little awkwardly situated. We're talking before all the news has come out about who is bidding for what in terms of Warner Brothers Discovery.

1:13.3

We know that Paramount has made a few bids already and plans to be back for more with very, very big money bags.

1:20.6

We believe that Netflix is coming in, trying to buy the studio and the streamer, not interested in the cable channels.

1:27.3

We think that Comcast has to come in because if they don't, they become the melting ice cube.

1:34.8

And, you know, they're left in this position that Paramount was in before the Ellison's took over and could be in again if somehow they don't get Warner Brothers.

1:42.6

So this is a fraught moment and everything we say is maybe shaded in five minutes by a leak from somewhere.

1:51.2

It looks as though the Ellisons have the advantage just in terms of money.

1:56.0

Certainly, we've already seen some saber rattling from Capitol Hill in terms of Netflix and how much market share

2:02.2

they would get in the streaming world if they get this deal. And we don't know how serious Netflix

2:06.5

is really. And then there's a question of, you know, Trump hating Comcast very openly. And if you're

2:13.5

on the Warner Brothers Discovery Board, you have to think, you know, will they find a way the administration to hold this thing up in Washington if we approve a deal with them?

...

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