Los Angeles, CA -- Disney and News Corp. are "finalizing" their future 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 on Thursday. 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., but have an awkward relationship with the service.
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 requires a monthly $8 fee for many of the same shows.