The title was chosen based on an earlier title "Around the Table" to illustrate people's discussions "around the table". The title was renamed "Artists of the Roundtable" which references the round table of King Arthur in which all the knights were equals. No matter what the rank, all were there to protect each other - thus, if you're a local stand-up comic or a studio established film director, they are both artists in their own respects.
Taking the documentary direction was in fact a solution to a problem. The producers chose to montage memorable performances from TV and film to overcome a string of failed interview footage from a Hollywood Arts Society live event.