Monday, August 20, 2012

Rumor: Hulu's Kilar Set For $100M Payday

A report published Sunday by Variety says that Jason Kilar, the CEO of Los Angeles-based online video site Hulu, is set to cash out as much as $100M after the site's management buyout funded by Providence Equity Partners. The report also said that the company is now making plans in case Kilar decides to depart the firm after receiving that kind of windfall, citing an internal report cover the need to "outline transition plan for new CEO". The report is just the latest in a string of reports of Kilar looking to other pastures; just in the last couple of months, he's been named as a potential top hire at Facebook and Yahoo.