Hulu’s sales head Jean-Paul Colaco is leaving the company after six years. According to a blog post by Hulu acting CEO Andy Forssell, Colaco is departing from Hulu’s leadership team to pursue “one of a few new startup opportunities he has in front of him.” He will be leaving later in October.
From the moment that Hulu was rumored to be on the shopping block earlier this year, the company’s executive team has seen a steady state of departure. In March, Hulu CEO Jason Kilar left the company with several others, including SVP of sales Kevin McGurn and SVP of marketing and distribution Pete Distad, following close behind.
While yet another executive jumping ship may signal trouble bubbling under Hulu’s surface, Forssell remains confident about the company’s future. He said Hulu is on track for revenue “in the neighborhood” of one billion dollars this year, which would be up from $695 last year. Additionally, Forssell explains that the company has hired 90 employees in the last 90 days.
After putting it on the block (for the second time in three years), Hulu’s trio of owners eventually decided to keep the site and invest $750 million to grow the service. While not mentioning it outright in the blog post, Hulu has routinely pointed to that investment as a reason to not worry about the site’s future.
Still, questions remain. With Colaco exiting Hulu later this month, Forssell will be one of the few remaining original Hulu executives. Though it appears he might not be keeping his title as acting CEO — which he assumed after Kilar left — for long. The New York Post reported earlier today that Intel Media’s Erik Huggers has expressed interest in taking the helm at Hulu. Per the report, Lauren Zalaznick, a longtime digital executive at NBCUniversal, and Mike Hopkins, president of Fox Networks Group, might also be in the running for the position.