Lipton created a project within the Actors Studio Drama School: a non-credit class called "Inside the Actors Studio" (1994), where successful and accomplished actors, directors and writers would be interviewed and would answer questions from acting students. These sessions were also taped, edited, and broadcast on television for the general public to see. The episodes were viewed in 89 million homes throughout 125 countries. Lipton hosted the show and conducted the main interview. In a 2008 interview, when asked if he had anticipated the show's success, Lipton responded, "Not in my wildest imaginations. It was a joint, arduous effort involving many people. At a point and time not too distant in the past, I had three lives. I was the dean of the Actors Studio, the writer of the series, its host and executive producer. I maintained a preposterous sixteen-hour schedule." He was awarded France's Ordre des Arts et des Lettres in 2014 for his work on the show.