The top executive of popular video-streaming
service Hulu said Friday that he and the company's chief technology
officer will leave the company by April.
"My decision to depart has been one of the
toughest I've ever made," Hulu chief executive Jason Kilar said in a
post on the company's website.
"I am currently working with the Board to ensure there is ample runway to manage this transition."
Hulu CTO Rich Tom will exit along a similar timeline, according to Kilar.
"Rich and I have been fortunate to build and
innovate alongside each other these past 5-plus years and our plan is to
do more of that on the road ahead," Kilar said.
Kilar described his Hulu journey, beginning with a move to California and a walk into an empty office suite in July of 2007.
"We have grown from a few hundred thousand in
revenue in 2007 to generating almost $700 million in revenue in 2012
alone," he said.
"We have created a video subscription service
that is growing unusually fast, adding over 200K new subscribers in the
past seven days alone (a new record)."
Last year, Hulu owners decided against
selling despite the reported interest of heavy hitters including Apple,
Yahoo!, Google and Microsoft.
News Corp, Disney and the private equity firm
Providence Equity Partners announced in a joint statement in October
that they would hang onto the site, which streams free television
episodes with ads.
NBC Universal, another owner, was not named in the statement.
Founded in 2007, Hulu lets users watch a
selection of television shows and movies streamed onto their computers
for free with advertisements.
Subscribers can also pay a fee to watch on
connected televisions, gaming consoles, and mobile devices, including
Apple's iPhone and iPad.
Last year Hulu began streaming movies and television shows in Japan in its first foray outside the United States.
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