Search Google (Nasdaq: GOOG) for "Hulu CEO" and you'll still find Jason Kilar's mug shot. Kilar announced his departure from the Fox-NBC-Disney (NYSE: DIS) joint venture in January, but it took nearly 10 months for Hulu's owners to name a full-time successor.
The wait ended last week when Mike Hopkins, a Hulu board member and Fox executive, won the job, taking over for acting CEO Andy Forssell.
In the intervening months, Hulu's owners held an auction for the site but ultimately turned down all bids. Disney and Fox then pledged to invest $750 million into the project. In a letter to staff posted to Hulu's blog Thursday, Hopkins said Hulu is on track to bring in close to $1 billion in revenue this year.
"Through all the recent uncertainty, not only have you kept this business together, but you've continued to deliver on every key performance metric," Hopkins wrote in the letter.
For more:
- read Hopkins' letter here
- ABC News had this report
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