Hulu Japan is being acquired by the local broadcast giant Nippon TV. The acquistion effectively puts an end to Hulu’s international ambitions.
Just three weeks after announcing his departure from Hulu, the company’s SVP of advertising is joining the Fremont Project, the stealthy startup headed by Hulu’s former boss.
Fox executive Mike Hopkins, who had been considered the frontrunner for the Hulu CEO position, was officially named to it Thursday. Hulu says its revenues will be close to $1 billion in 2013, but co-owners Disney and News Corp have argued over the future of the service.
Hulu’s new CEO may come from Fox, whose parent company News Corp. (S NWS) owns about a third of the video service. Both Reuters and Bloomberg reported Thursday night that Hulu will name Mike Hopkins, who is currently heading distribution for Fox Networks, as its new CEO soon. Hulu is currently being led by interim CEO Andy Forssell, who stepped in when founding CEO Jason Kilar left the company back in March. Notable about Hopkins’ appointment would be that Fox has been a long advocate of Hulu moving more towards a subscription and TV Everywhere model, which would deemphasize the free, ad-supported side of the service.