Friday, January 4, 2013

Hulu CEO Jason Kilar and CTO Rich Tom to step down this quarter

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Longtime CEO of Hulu, Jason Kilar, will be stepping down from his position this quarter, according to a statement from the company. Additionally, the company's CTO, Rich Tom, will be leaving this year. It is not yet clear exactly when the executives will be leaving the company, or who will be replacing them, but Kilar insists that they will be staying on long enough to "ensure there is ample runway to manage this transition."


Hulu has had a rough go financially, but it seemed like things were turning around for the streaming video company, as it recently reported that it had over three million paid users of its Hulu Plus service at the end of 2012. Still, that pales in comparison to Netflix, which boasts over 25 million users.


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via The Verge - All Posts http://www.theverge.com/2013/1/4/3836700/hulu-ceo-jason-hilar-to-step-down-first-quarter-2013

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