Hulu CEO Randy Freer is set to exit the streaming company, Disney announced on Friday.
The streaming company's leadership will report to execs within Disney's direct-to-consumer and international business, as part of the reorganization.Visit Business Insider's homepage for more storiesHulu CEO Randy Freer is stepping down from the streaming company as Disney brings Hulu deeper into its streaming segment, Disney announced on Friday.
Leaders at Hulu will report directly to execs within Disney's direct-to-consumer and international business, as part of the reorganization. to acquire Comcast's minority stake in Hulu and take full ownership of the streaming company. Disney has since made Hulu a key part of its streaming strategy, as the general-audience complement to its family-friendly Disney Plus service and its sports-focused ESPN Plus platform.
Freer said in a statement: "I am grateful for my time at Hulu, and the opportunity to work and learn with an incredibly talented and dedicated group of people. I also want to thank Kevin and The Walt Disney Company, as well as NBCUniversal and Fox, for providing me the opportunity to lead Hulu during a time of tremendous growth and significant industry transformation.
: The streaming company is courting advertisers, not only on its platform, but in its original shows.
There goes Hulu! Disney is awful.