A Company in Limbo: What’s Going to Happen to Hulu?
Shelly Palmer
What’s going to happen to Hulu? Since founding chief executive officer, Jason Kilar, and chief technology officer, Tom Rich, announced in early January their plans to step down in the first quarter of this year, neither Hulu’s current leadership nor its owners (Comcast, News Corp and Disney) have discussed publicly their plans for the video-streaming service. According to a report published by The Wall Street Journal on Friday, News Corp and Disney have begun discussing possible next steps for Hulu and their own stakes in the company. The Journal reported that both companies — which each own between a quarter and a third of the video service — have suggested purchasing the other’s stake, or selling to an outsider. The two disagree on the direction Hulu should go.
