Topher Grace sees another big change for Hollywood

Topher Grace: 'Truth' and consequences

Sooner or later there won't be a distinction between movies made for theatrical release and those made for television, said actor Topher Grace, known for "That '70s Show" and "Spider-Man 3."

"It's all eventually going to be one thing," he told CNBC's "Squawk Box" Tuesday, saying the disruptive nature of the Internet continues to break down distribution barriers in Hollywood.

Grace said he's seen it firsthand working with Brad Pitt on "War Machine," set for release next year on Netflix and in select theaters. The movie takes a satirical look at the conflict in Afghanistan.

In most cases, movies for the big screen have bigger budgets and bigger stars than those for the small screen.

But according to The Hollywood Reporter, Netflix in June grabbed "War Machine," meeting the $60 million budget demands of the producers who parted with their studio backers after being asked to lower costs.

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The makers of content and the distributors are in another interim period, Grace said, using the analogy of how Blockbuster Video over time was pushed out as a destination for renting movies.

"It's really an exciting time to be an actor" as new distribution channels lead to more and more content being produced, he added.

Christopher "Topher" Grace appeared on CNBC to promote "Truth," in theaters, about the controversial investigation by "60 Minutes II" in 2004 of President George W. Bush's service in the Texas Air National Guard. It ended up costing CBS anchor Dan Rather his job.

"The worst part of doing press for this is people go, 'What is the truth?'" Grace said. "I don't know. No one knows, really."

Though standing by the story, Rather told CNN that the movie, based on the memoir of CBS News producer Mary Mapes, got it right. "I think we proved it beyond reasonable doubt," he told "Reliable Sources" in November.

"Dan was on set. Mary Mapes was on set," said Grace, who played a CBS researcher in the movie. Robert Redford was Rather and Cate Blanchett was Mapes.

Grace was also in HBO's "Too Big to Fail," the 2011 film adaptation of the book by the same name about the 2008 financial crisis, written by "Squawk Box" co-host Andrew Ross Sorkin.

In playing Treasury Secretary Hank Paulson's chief of staff, Grace said that navigating the complexity of finance was daunting. "We're actors. Us trying to learn anything about what [business journalists] do is like a joke."