Disney, News Corp. 'finalizing' plans for Hulu
By The Associated Press
Published: Saturday, March 16, 2013, 12:01 a.m.
Disney and News Corp. are “finalizing” their plans for Hulu as the online video streaming service prepares for the departure of CEO Jason Kilar.
That's according to a blog post by Kilar. Kilar is to leave the company at the end of March. Replacing him as interim CEO will be Andy Forssell, Hulu's senior vice president of content.
The Walt Disney Co. and News Corp., the parent companies of broadcasters ABC and Fox, jointly own Hulu with NBC owner Comcast Corp.
The broadcasters independently offer streaming of full TV shows on computers and apps, often for free, yet a paid portion of Hulu known as Hulu Plus has a monthly $8 fee for many of the same shows.
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