Ryan and Tatum O'Neal Try to Work Things Out on 'Good Morning America' (VIDEO)

Those who enjoyed watching the father-and-daughter team of Ryan and Tatum O'Neal in 1973's 'Paper Moon' might have thought they were seeing an ideal Hollywood family. It was clear that the pair worked well together -- Tatum, then 10 years old, became the youngest person to win an Oscar when she claimed Best Supporting Actress. Thursday on 'Good Morning America' (weekdays, 7AM on ABC), the pair talked about how they might use that on-screen chemistry to help resolve decades of estrangement on their new OWN reality series, 'Ryan and Tatum: The O'Neals.'

"It was a way back," said Ryan. "There weren't that many paths. This looked promising because we work well together. We have a history. I thought maybe we could make more history."

Tatum agreed it would be a good setting. "We do work well together," she said. "Let's have that conversation in a work setting and we will sort of find our way back that way."

There was a light moment when Robin Roberts said there were two sides to the story. "Well, then let's hear mine," quipped Ryan. "Perfect," replied Tatum. The pair agreed their lives would be enriched by reconciling, and at the very least, the comic timing is still there.