/// Will Hulu’s Interim CEO Be Able to Keep Everyone Happy?
Andy Forssell's appointment as interim CEO at Hulu isn't necessarily a surprise, but it does suggest that Hulu is worried about one thing and one thing only at the moment: license agreements. Forssell's previous post at the digital video giant was svp of content acquisition and distribution; for all the company's trumpeting its in-house material, its bread and butter is and may always be over-the-top content from partners Disney, NBCUniversal, and News Corp. Disney and News are “currently finalizing their forward-looking plans,” according to an email to staffers from Jason Kilar, the outgoing CEO, which can't be something Forssell relishes inheriting from his old boss. Still, it makes sense to put him in the driver's seat: in his previous position, Forssell would have overseen content license fees, windows for new shows, and embeddable content—all the stuff that makes Hulu a better proposition for major media (including CBS, though the network doesn't have a stake in the company, opting instead to split ad rates and simply distribute) than YouTube. “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,” said Kilar in an email praising his successor. “In his role, Andy has built strong relationships with many of our Board members. Andy has the Board’s strong support in leading the team during this important time.” He'd better hope so—run well, Hulu is essentially a license to print money
See the original post:
Will Hulu’s Interim CEO Be Able to Keep Everyone Happy?
- 01/03/2017 • Adweek Unveils 3 Departments Featuring Insights, Data and Future-Forward Businesses
- 01/02/2017 • Impact Marketing in Today’s Political Climate
- 12/06/2016 • Ad of the Day: Kids Act Out Romeo & Juliet in Apple’s Charming New iPhone 7 Spot
- 11/28/2016 • Presenting the Hot List—the Year’s Top Magazines, TV and Digital Media