CEO Jason Kilar Is Contract-Less as Hulu Seeks Buyer

CEO Jason Kilar Is Contract-Less as Hulu Seeks Buyer

Published: July 05, 2011 @ 5:43 pm
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By Sharon Waxman

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.

Tags: Comcast, contract, Disney, Google, Hulu, Jason Kilar, Media, Morgan Stanley, news, news corporation, sale
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Sharon Waxman's take on life on the left coast, high culture, low culture and the business of entertainment and media.

Follow me on Twitter @sharonwaxman and follow TheWrap @thewrap!

Sharon is also the author of two books, Rebels on the Back Lot and Loot.

 

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