It's been a busy Monday for Hulu—the company has been dogged for months by rumors that CEO Jason Kilar is eyeing an exit, and that its days of distributing exclusive day-after content from the major broadcast networks are numbered. Today, a memo obtained by Variety's Andrew Wallenstein seemed to confirm the latter rumor, and while Kilar's exit is by no means assured, the soon-to-close buyout of equity fund Providence's 10 percent stake in the company (a stake valued at $200 million, putting the whole company at about $2 billion) would reportedly leave execs like Kilar in, at the very least, a good bargaining position.
How Hulu Might Change and How It Probably Won't
Rumors of major shifts at the streaming video service abound
