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lhuga / Flickr CC

Former Hulu CEO Jason Kilar is a contender for the top job at Sony Pictures Entertainment, according to Hollywood Reporter.

Former Sony CEO Michael Lynton stepped down in January to focus full-time on his new job as chairman of Snap. Sony Corp. CEO Kaz Hirai is expected to meet with potential successors this week.

Kilar ran Hulu (a joint venture of ABC, NBC Universal and NewsCorp) for five years and grew the business to more than 5 million subscribers. He later founded a streaming video startup, Vessel, which Verizon purchased last fall.

Why it matters: Kilar is seen as a disruptor to traditional media and has first-hand knowledge of scaling digital video businesses. Sony management has been trying to reinvigorate its studio unit. The company earnings took a hit last year after major write-downs due, in part, to a weakening home entertainment market. It's TV production and global networks operations have performed well, but its film segment has faced challenges. And the company had to deal with a devastating email hack three years ago.

Go deeper

Caitlin Owens, author of Vitals
4 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.