Hulu Names Interim Chief as Disney, News Corp. Mull Involvement (DIS, NWSA)

Hulu Names Interim Chief as Disney, News Corp. Mull Involvement

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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: NWSA ) 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.

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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.

The Motley Fool owns shares of Netflix and Walt Disney. Motley Fool newsletter services have recommended buying shares of Netflix, Walt Disney, and Coinstar. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

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