2/1, 4:21 AM (Source: TeleTrader)
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Hulu CEO Randy Freer steps down

CEO of the American television network Hulu Randy Freer announced on Friday that he will step down from the position of the company's head.

"I am grateful for my time at Hulu and the opportunity to work and learn with an incredibly talented and dedicated group of people. I also want to thank The Walt Disney Company for providing me with the opportunity to lead Hulu during the time of tremendous growth and significant industry transformation," stated Freer.

This change comes after Disney took the operational control over Hulu in May last year, when Comcast agreed to sell its stake in the video streaming platform. According to the press release, Disney plans to further integrate Hulu into its business services.

Breaking the News / ND