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Illustration: Aïda Amer/Axios

Amid the heightened stress from the pandemic, protests and the election, media companies are leaning into content that will help users cope with anxiety.

Driving the news: The stress relief app "Calm" is getting made into its own TV show.

  • HBO Max has ordered the series called "A World of Calm," which will feature celebrities like Nicole Kidman and Idris Elba. It's supposed to make users fall asleep while watching it.
  • Quibi created a daily meditation series called "The Daily Chill" last year to help users relieve anxiety with ASMR videos.
  • Snapchat says it's launching in in-app meditation experience with Headspace, a meditation app often used to help mitigate stress and anxiety.

The bottom line: Stress sells.

Go deeper

Oct 21, 2020 - Economy & Business

Report: Quibi shutting amid pandemic struggles

Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Quibi, the mobile-only video subscription streaming service, is shutting down, The Wall Street Journal reports. The company raised a whopping $1.75 billion to get the app off the ground from Alibaba, as well as Hollywood behemoths like Walt Disney Company, NBCUniversal and AT&T's WarnerMedia.

Why it matters: The company has struggled to hit its subscriber growth targets amid the global pandemic. Sources tell Axios Quibi was running out of cash.

Felix Salmon, author of Capital
1 hour ago - Technology

Facebook's scandals have been great for shareholders

Expand chart
Data: YCharts; Chart: Axios

Facebook has been embroiled in scandal for the past five years, and while the specific allegations change over time, a central theme is constant. Given the choice between commercial and moral imperatives, Facebook always seems to choose the option that is best for the share price.

Why it matters: Facebook's stock chart supports that narrative. Since the 2016 scandals alleging that the social network was infiltrated by foreign actors trying to influence the outcome of democratic elections, Facebook's revenues — and its stock — have been soaring.

Biden to tap telecom trio for NTIA, FCC posts

Jessica Rosenworcel. Photo: Bill Clark/CQ Roll Call

President Joe Biden on Tuesday is expected to name Alan Davidson as head of the telecom arm of the Commerce Department, Jessica Rosenworcel as chairwoman of the Federal Communications Commission and Gigi Sohn as a commissioner at the FCC, according to a person familiar with the process.

Why it matters: Internet availability and affordability has been a key policy priority for the White House, but the administration lagged in tapping people for the agency posts that oversee the issues.