Hulu Chief Executive Jason Kilar, 41, said he’s resigning from the streaming site, The New York Times’ Media Decoder reports. It was not clear where he’s headed or his reasons for leaving.
Kilar’s resignation, which he announced Friday, comes after he received a $6 million year-end bonus, on top of a $40 million payout he received in October for his stake in the company, according to a report in the New York Post.
Kilar’s $40 million payout coincided with Providence Equity’s selling its stake in Hulu, the Post notes.
There’s speculation that Kilar might return to Amazon, where he was one of the first hires. He has also recently been seen at venture capital firms such as Kleiner, Perkins, Caufield and Byers and Greylock Partners, the piece adds.
Kilar will leave within the first quarter of 2013. Hulu’s chief technology officer, Rich Tom, will also depart in the same time frame, according to The Times.
Kilar "defied enormous odds, built from scratch one of the top five digital video brands, created two viable and growing businesses (free and pay) and got his well-deserved payday — not bad for five years’ work,” J.B. Perrette, who now heads Discovery Communications’ digital operations and once oversaw NBC’s investment in Hulu, told The Times.