Tom Hanks' Playtone, LStudio Team for Weekly Web Series

Upcoming guests include Jon Cryer, Johnny Knoxville and Stephen Moyer.

Tom Hanks and Gary Goetzman's Playtone has joined with Lexus' LStudio in launching a weekly web series, The Three Minute Talk Show, which debuted Wednesday.

Created exclusively for the web, the series will have all the ingredients of a traditional talk show, except it will be condensed into three-minute segments.

Hanks and Bryan Cranston were guests on the first two episodes. (Watch the premiere episode below with Hanks.)

Barry Sobel and Fred Willard will co-host the series, with musician Ben Lee leading the in-house band.

Upcoming guests include Jon Cryer, Bryan Cranston, Johnny Knoxville, Stephen Moyer, Wilmer Valderrama, Ginnifer Goodwin, Cedric the Entertainer, Joe Jonas and Mike O'Malley.