In an email to his team, and later on a blog post to the rest of the world, outgoing Hulu CEO Jason Kilar named an interim successor: Andy Forssell.

"Andy exemplifies the Hulu culture and has been central to Hulu's journey, helping to grow this company from 2 content partners and no revenue to over 450 content partners and approximately $700 million revenue in 2012," Kilar wrote.

Hulu won't name a permanent CEO until investors News Corp. (NASDAQ:FOXA) and Walt Disney (NYSE:DIS) decide their "forward-looking plans" as it relates to the streaming service, Kilar wrote. In the meantime, Hulu faces intensifying competition from Netflix and Coinstar's Redbox Instant.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He owned shares of Netflix and Walt Disney at the time of publication. He also had a long-term call options position in Netflix. Check out Tim's web home and portfolio holdings or connect with him on Google+Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

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