Technology

Andy Forssell is Hulu acting CEO

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MUMBAI: Jason Kilar who stepped down as Hulu CEO has announced that Andy Forssell will be stepping up to lead Hulu as acting CEO.

Hulu is a site and an OTT subscription service offering ad-supported on-demand streaming video of TV shows, movies, webisodes and other new media, trailers, clips, and behind-the-scenes footage from NBC, Fox, ABC, TBS, and other networks and studios. It is co-owned by NBC, Fox and Disney.

In a blog post Kilar wrote, "Andy has been a critical senior executive and has been here from the start of this great adventure. Andy exemplifies the Hulu culture and has been central to Hulu‘s journey, helping to grow this company from two content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012.

"In his role, Andy has built strong relationships with many of our Board members. Andy has the Board‘s strong support in leading the team during this important time."

Kilar added that Disney and News Corp are currently finalising their forward-looking plans with Hulu, and the senior team has been working closely with them in that process. Once the plans are finalised, a permanent decision will be made regarding the CEO position.

"As I mentioned to you all at the beginning of this year, Hulu‘s focus remains on delivering a fantastic 2013 for customers and shareholders. Hulu is well on its way, with new records being set in Q1 across both revenue and subscriber additions. The unwavering focus on delighting Hulu‘s customers is clearly showing up in the outputs of the business."

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