Dive Summary:
- Hulu CEO Jason Kilar announced Friday that he will leave the company during this year's first quarter.
- Kilar, a former Amazon exec, has faced challenges with the Internet TV provider's backers, and recently asked for $200 million more for programming and finance expansion in 2013, though a Advertising Age reports that a decision has not yet been made on that request.
- The departing CEO and chief technical officer's exit memo listed his accomplishments at Hulu, including revenue growth, video subscription service expansion and $1 billion made for Hulu's content partners since October 2007.
From the article:
"... The decision came as little surprise to staff; Mr. Kilar had long had a difficult relationship with Hulu's backers -- ABC parent Walt Disney Co.,, NBC parent Comcast and Fox parent News Corp., who pushed for more revenue and increasingly pulled shows off Hulu when they could make more money elsewhere as part of their "windowing" strategy. ..."
