Is there a major comic actor who purely loves movies more than Seth Rogen?

In Hollywood history, there may be comedians with better track records. But it’s hard to think of anyone who seems so excited to be making cinema, whether enlisting David Gordon Green to bring both indie lyricism and ’80s action-comedy violence into the stoner buddy comedy “Pineapple Express” or staging a full-scale apocalypse with dozens of stars playing themselves in “This Is the End,” his directorial debut alongside longtime creative partner Evan Goldberg.

Now Rogen and Goldberg, alongside co-creators Peter Huyck, Alex Gregory and Frida Perez have undertaken one of their most ambitious projects yet with “The Studio.” It’s a satire of the contemporary and constantly imperiled Hollywood machine, shot in richly cinematic textures and a series of uninterrupted takes, featuring an ensemble packed with both stars in major roles and in playing-themselves cameos. Naturally,...