Although our newest Puck partner, the phenomenally talented Kim Masters, does not start officially until February, I couldn’t resist having a conversation with her now, to discuss the state of Hollywood these days, and what might or might not happen in 2025—a year where everything appears to be on the table, as Bob Iger once famously put it. We tackled a range of topics, from how the entertainment industry gets out of its current funk to Disney succession, and whether streaming and old-fashioned theatrical distribution can find a way to happily co-exist. What follows is a slightly edited and condensed version of our conversation. In the meantime, get ready for Kim Masters at Puck, coming to an inbox near you—if you sign up for What I’m Hearing by clicking here.