Jason Kilar to step down as Hulu CEO
January 5 , 2013
Hulu CEO Jason Kilar is to leave his post at the streaming TV company this quarter, according to a blog post on the firm’s website on Friday.
Kilar gave no reason for his exit.
Hulu chief technology officer Rich Tom is also leaving. The company has not named replacements for the executives.
Kilar became CEO at Hulu in July 2007 and helped boost the company’s revenue to $700 million while increasing subscribers to 3 million.
However, the service, which started as a free site for people to catch up on television shows they missed, has encountered difficult times over the last five years.
According to industry experts, part of the problem lies in its ownership structure involving media conglomerates Walt Disney, News Corp and Comcast NBC Universal, and how much content each make available to Hulu.
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