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Hulu's CEO is Stepping Down

Hulu's CEO is Stepping Down”

The heads of Sony Pictures Television's household and universal TV divisions and additionally Sony Pictures Worldwide Networks will answer to him.

Just months after Hulu earned some major hardware at the Emmy Awards, the company's CEO Mike Hopkins is leaving for a new job at Sony Pictures Television. Hulu has said it will spend about $2.5bn on content this year, twice as much as Apple but under half of Netflix's $6bn budget.

Prior to Hulu, Hopkins was president of distribution for Fox Networks, where he oversaw the distribution strategy, sales and marketing for the company's 45 linear and non-linear US channels, as well as on-demand and digital extensions. The two execs previously worked together at Fox, where Hopkins, like Freer, was employed prior to becoming Hulu's CEO. "There's no better candidate to lead Hulu as it embarks on its next chapter".

Sony Pictures Television as of now delivers indicates like Better Call Saul, The Goldbergs, Shark Tank and green bean hit The Good Doctor and in addition syndicated diversion demonstrates Wheel of Fortune and Jeopardy.

He will report to Tony Vinciquerra, chairman and CEO of Sony Pictures Entertainment. "Mike is a proven and innovative leader who has played a key role in redefining today's television landscape, both for consumers and for how content producers reach them".

In a moment explanation from Sony, Hopkins included: "Tony has for quite some time been a partner and guide of mine, and I'm truly eager to go along with him and whatever is left of the skilled group at SPE". "There is a tremendous opportunity to build on SPT's momentum globally and I look forward to working with the team to realize that potential". Hulu is now beta-testing a live TV service, featuring broadcast networks and select cable channels.

Besides Fox, Hulu is owned by Comcast Corp., Walt Disney Co. and Time Warner Inc. Time Warner took a stake in Hulu a year ago in a deal valuing the company at nearly $6bn.



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