Jason Kilar exits from Hulu

Both the CEO of the streaming content portal and its chief technology officer, Rich Tom, will be leaving this quarter.
January 7, 2013

Jason Kilar, CEO of video streaming portal Hulu, is departing from the post within the first quarter of this year.

In a statement posted on the Hulu website, Kilar said he and chief technology officer Rich Tom would both be leaving, although no reasons for the departures were given.

“Rich and I have been fortunate to build and innovate alongside each other these past five-plus years and our plan is to do more of that on the road ahead,” Kilar said in the post.

Elsewhere in the post, Kilar highlighted the evolution of the company, charting its growth in revenues from “a few hundred thousand in 2007″ to close to US$700 million in 2012.

The company is currently owned by Walt Disney Co., News Corp. and Comcast NBC Universal. In a research note from last week, BTIG analyst Richard Greenfield predicted Fox would buy out the other partners, according to Bloomberg.

The video streaming portal, created by NBC and Fox in 2007, gave viewers the opportunity to watch television programming with fewer commercials. Recently, Hulu had moved further into commissioning original and exclusive programming, including a docuseries from Morgan Spurlock, A Day in the Life. It had also introduced at the beginning of last year a “Documentary of the Month” campaign.

About The Author
Selina Chignall joins the realscreen team as a staff writer. Prior to working with rs, she covered lobbying activity at Hill Times Publishing. She also spent a year covering the Hill as a journalist with iPolitics. Her beat focused on youth, education, democratic reform, innovation and infrastructure. She holds a Master of Arts in Journalism from Western University and a Honours Bachelor of Arts from the University of Toronto.