CEO Jason Kilar Is Contract-Less as Hulu Seeks Buyer

As of July, CEO Jason Kilar is without a contract. He plans to stay put nonetheless as company is considered by buyers, says an insider

As bankers in Century City gathered to pitch Hulu to potential buyers on Tuesday, they more than likely disclosed this anomaly: CEO Jason Kilar is now without a contract.

Kilar’s contract expired at the end of June, according to an individual close to the company.

This leaves Hulu in an odd situation — on the auction block, with its key executive unsecured.

A spokeswoman for Hulu would not comment on Kilar’s contract status.

Also read: Hulu Meets Bidders: Google, Yahoo, Other New Media

Kilar, a former Amazon executive, has chosen not to sign a new contract with his co-owners, Comcast, News Corp., the Walt Disney Co. and Providence Equity Partners.

But once Hulu was put in play, one insider pointed out that it was somewhat pointless to bother to negotiate a new deal. Any new owner would undoubtedly want to reexamine that agreement.

But apparently Kilar plans to stay in place, contract-free, until further notice — or until someone buys his company.