Mar 3, 2019

HBO and Turner resignations stun Hollywood

Turner President David Levy (L) and HBO CEO Richard Plepler. Photos: David Becke; Drew Angerer via Getty Images

Hollywood was stunned Thursday by the simultaneous announcements that Richard Plepler and David Levy, the respective heads of HBO and Turner, had "decided to move on" from their plum roles at the top of the WarnerMedia empire. Talk of imminent "massive layoffs" inevitably followed.

The big picture: Plepler ran HBO as a very lucrative high-end operation, bringing in profit of about $2 billion per year as well as some 160 Emmys and an Axios show. He also made it clear that he needed little if any help from his parent company, and that he valued his independence.

  • HBO's parent company, Time Warner, was bought by AT&T last year. It was renamed WarnerMedia and placed under the aegis of John Stankey, a telecommunications executive suspicious of HBO's big-spending ways. When Plepler pointed to how much money he was making, Stankey retorted that it wasn't enough.
  • Stankey is looking for growth rather than cuts, but that's not stopping HBO employees from worrying that they're going to go through the kind of pain that Kraft Heinz went through when it got taken over by 3G.

The bottom line: If efficiency engineering doesn't work for ketchup, it's even harder to make work in Hollywood — a place that can credibly claim significant positive returns on lavish spending, without ever really being able to explain how that works. The culture clash is only just beginning.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12:30 a.m. ET: 859,556 — Total deaths: 42,332 — Total recoveries: 178,300.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 12:30 a.m. ET: 189,510 — Total deaths: 4,076 — Total recoveries: 7,109.
  3. Business updates: Should you pay your rent or mortgage during the coronavirus pandemic? Find out if you are protected under the CARES Act.
  4. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with underlying health conditions are more at risk, new data shows.
  5. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  6. Coronavirus in custody: Inmates in all U.S. federal prisons are set to enter a 14-day quarantine on April 1. A federal judge on Tuesday ordered U.S. Immigration and Customs Enforcement to release 10 detained immigrants who are at risk of contracting COVID-19 while in confinement.
  7. U.S.S. Theodore Roosevelt: Captain of nuclear aircraft carrier docked in Guam pleaded with the U.S. Navy for more resources after more than 100 members of his crew tested positive.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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U.S. coronavirus updates: Death toll tops 4,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The novel coronavirus has now killed more than 4,000 people in the U.S. — with over 1,000 deaths reported in New York City alone, per Johns Hopkins data. The number of deaths are still much lower than those reported in Italy, Spain and China.

Of note: Hours earlier, President Trump noted it's "going to be a very painful two weeks," with projections indicating the novel coronavirus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place. "They are going to be facing a war zone," he said of medical workers.

Go deeperArrowUpdated 1 hour ago - Health

World coronavirus updates: UN warns of recession with "no parallel" to recent past

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 858,000 and the death toll exceeded 42,000 Tuesday night, per Johns Hopkins data. Italy reported more than 12,000 deaths.

Go deeperArrowUpdated 3 hours ago - Health