It is challenging to perform question-answering over complex, multimodal content such as television clips. This is in part because current video-language models rely on single-modality reasoning, have lowered performance on long inputs, and lack interpetability. We propose TV-TREES, the first multimodal entailment tree generator. TV-TREES serves as an approach to video understanding that promotes interpretable joint-modality reasoning by producing trees of entailment relationships between simple premises directly entailed by the videos and higher-level conclusions. We then introduce the task of multimodal entailment tree generation to evaluate the reasoning quality of such methods. Our method's experimental results on the challenging TVQA dataset demonstrate intepretable, state-of-the-art zero-shot performance on full video clips, illustrating a best-of-both-worlds contrast to black-box methods.