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.