Jason Kilar, the one and only CEO of Hulu since it’s inception, has taken a back seat ready for his imminent departure. And to fill the void, Andy Forssell the senior VP of content has been promoted to acting CEO.
Jason Kilar who announced in January that he would be stepping down in Q1, previously worked for Amazon although he hasn’t specified why he is stepping down, or any future plans. But he has had previous run-ins with the board.
senior vice president of content, Andy Forssell, will take temporary command was announced on the Hulu Blog, and Kilar was full of glowing praise saying the new ceo, “Has been here from the start of this great adventure.” and that”, Andy exemplifies the Hulu culture and has been central to Hulu’s journey, helping to grow this company from 2 content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012.”
Hulu’s current owners,Walt Disney and News Corp. have previously toyed with the idea of selling the Company to, either each other, or a third party. Kilar said they are, ““Currently finalizing their forward-looking plans with Hulu”. And, “Once the plans are finalized, a permanent decision will be made regarding the C.E.O. position.”
Even though streaming competition is red hot from Netflix, Amazon and other new internet TV start-ups, Kilar said that,”Hulu is well on its way, with new records being set in Q1 across both revenue and subscriber additions.