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.
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.