Hulu CEO Jason Kilar has announced that he will be leaving the online streaming video service by the end of the first quarter of 2013. In an e-mail to Hulu employees, Kilar did not give a specific reason for this departure but also announced that Chief Technical Officer Rich Tom will be leaving also. Hulu recently announced a record revenue of $695 million for 2012 representing more than 3 million paid Hulu Plus subscribers. Hulu is a joint venture of Disney, NBC, Fox News Corp, and Providence Equity Partners.
I’ve been so fortunate to play a role in this amazing, ongoing journey. My decision to depart has been one of the toughest I’ve ever made. Though the words will fall short of the intended mark, please know how much this team means to me and how very thankful I am to be able to innovate and build alongside you each day.