Kilar to Quit as CEO of Hulu

Streaming video service Hulu is going to lose its CEO. Jason Kilar announced in a post on the company's blog that he will step down during this quarter. He had been in his position since the summer of 2007.

Kilar, who did not provide the reasons for his departure, also revealed that the service's CTO Richard Tom will leave his position around the same time.

Hulu is one of the leading online video streaming services, providing a wide variety of television shows and films. It is owned by a consortium of several media companies, including Disney (NYSE: DIS  ) , News Corp's (NASDAQ: FOX  ) Fox, and GE (NYSE: GE  ) and Comcast's (NASDAQ: CMCSA  ) NBCUniversal.

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