July 28, 2017 at 09:45 AM EDT

Catch more from the cast in the full episode of Entertainment Weekly: The Show, available now on the People/Entertainment Weekly Network (PEN). Go to PEOPLE.com/PEN, or download the free app on your Smart TV, mobile and web devices.

TV veteran Kelsey Grammer (Cheers, Frasier, The Simpsons) and star of the new Amazon series The Last Tycoon certainly has a lot to be thankful for when it comes to successful runs on network television. However, he can’t help but be impressed by the state of television today.

“This binge-watching thing,” he says while appearing with his The Last Tycoon costars Lily Collins and Dominique McElligott on Entertainment Weekly: The Show, “I think it actually allows shows a little more life, the opportunity of a real life than what’s happening now on the networks.”

Amazon gave The Last Tycoon the official greenlight last year after subscribers voted for it to become a series.

RELATED: The Last Tycoon trailer: Matt Bomer is Amazon’s Hollywood golden boy

Regarding the world of F. Scott Fitzgerald’s final novel — which was unfinished at the time of his death in 1940 — that’s brought to life here, Collins says it was all the more appealing because it takes place during one of her favorite time settings.

“I grew up in a household that adored old Hollywood,” she remembers. “Everything felt just so natural and genuine and [there’s] an amazing cast to soak in that world with. So, it was a definite dream.”

Matt Bomer, Rosemarie DeWitt, Enzo Cilenti, Mark O’Brien, and Koen De Bouw also star.

You can watch the entire clip above, and stream the entire first season of The Last Tycoon on Amazon now.

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