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Photos: Felix Mallaby-Kay and Gabriella Hasbun 

Longtime BBC News anchor and correspondent Katty Kay is leaving her post to become senior editor and executive producer, of OZY Media, the digital-first media and entertainment company founded in 2013 by CEO Carlos Watson.

Why it matters: Kay will bring decades of global editorial experience to OZY, which produces dozens of TV shows, podcasts and documentaries across an array of genres.

  • "OZY has always been global, since the very beginning," Watson says. "I hope that focus only deepens upon Katty's arrival."

Details: Kay and Watson launched a podcast together in September called "When Katty met Carlos," which inspired the duo to make their partnership more permanent.

  • "I've never found a reason to leave the BBC," Kay said in an interview with Axios. "It took a really special place to get me to leave a special place."
  • Kay, who's spent the majority of her career working for a broadcast network, says she looks forward to learning more about streaming at OZY.
  • "It's not an industry I know very much about I'm going to learn a lot which is really important to me."

Between the lines: Amid her streaming foray, Kay will get to explore new shows — ones that are very different from traditional broadcast formats.

  • Watson notes that he and Kay are exploring a collaborative show on Gen-Z.
  • Kay says she looks forward to telling stories through new genres, like cooking and travel. She also says she looks forward to expanding on other formats, like documentaries, podcasts and events.
  • The duo clearly has a very strong rapport. When Kay noted she was nervous, Watson was quick to note in a lighthearted response, "Talented people, when they're nervous, get even more creative."

The big picture: Kay's hiring comes as OZY's business has begun to hit its stride.

  • The company brought in $50 million in revenue last year, helping it hit profitability for the first time in its 7-year history. Its annual OZY Fest global event had 1 million participants across dozens of countries.
  • OZY plans to produce four new shows in coming months, including a program on migrant family separation movie called "Torn" for Lifetime.
  • Kay, who starts officially on June 28, will begin filming new shows this fall.

The bottom line: "I think we're in a moment of great change and flux, and it's been accelerated by changes due to COVID," Kay says. "But it's opened us up to what is possible. It's a moment to spread our wings."

  • "Mostly, I think we're going to have fun," she says.

Go deeper

Biden floats roughly $2 trillion price tag for reconciliation

President Joe Biden departs from a House Democratic caucus meeting at the U.S. Capitol. Photo: Al Drago/Bloomberg via Getty Images

President Biden, meeting with House Democrats on Capitol Hill on Friday, indicated they must further delay a final vote on a $1.2 trillion bipartisan infrastructure bill and scale back his $3.5 trillion social spending package to around $2 trillion range if either is to pass, lawmakers told Axios.

Why it matters: Biden made clear he wants to keep the two packages linked together and that he is optimistic there can be an agreement.

11 hours ago - Health

Sotomayor allows NYC schools' vaccine mandate to stay in place

Photo: Paul Marotta via Getty Images

U.S. Supreme Court Justice Sonia Sotomayor on Friday blocked a challenge to New York City's vaccine requirement for public school teachers and employees, allowing the mandate to remain in place.

Why it matters: Mayor Bill de Blasio announced in August that all 148,000 staff members of the largest U.S. school district would need to submit proof of at least one dose of a COVID vaccine or risk unpaid leave until September 2022.

Ozy Media is shutting down, amid fraud allegations

Illustration: Rae Cook/Axios

Embattled media startup Ozy Media threw in the towel on Friday afternoon, announcing that it would shut down. This comes less than a week after the New York Times first reported on securities fraud allegations, which was followed by a series of stories that shed a negative light on the company's business and management practices.

Why it matters: Ozy told Axios earlier this year that it had 75 full-time employees, all of whom are now out of a job.