"Our favorite stuff on 70s Show was the Hyde-Kelso relationship of domination and abuse," Masterson told reporters.
"So when the show was coming together, it was kind of like, 'Let's find adult versions of those guys,' a little more realistic, but keeping that dynamic of how our comedy works together."
Their new show "The Ranch" is a multicam, half-hour comedy about a failed semipro football player (Kutcher) who returns home to Colorado to help run the family ranching business with his father (Sam Elliott) and his brother (Masterson).
"That 70s Show was my first job and this guy was an absolute mentor to me, not just as performer but as a person," Kutcher said.
"Whenever I got a little too high on my horse, he would knock me back down."
"The Ranch" premieres on April 1 on Netflix.
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