Hulu names Fox executive Hopkins as new CEO, prepares for expansion


AP

LOS ANGELES–Online video service Hulu named Fox executive Mike Hopkins as its new CEO Thursday, ending speculation over the company’s leadership as it embarks on a period of expansion.

The announcement comes three months after Hulu’s owners announced in July they had called off their second attempt in three years to sell it and would instead invest US$750 million more to ensure its future growth.

In a memo to staff, Hopkins indicated that plans for how to spend that capital could define his tenure.

“With the foundation you have built, the significant capital infusion of three quarters of a billion dollars, and our partners aligned and fully supportive of what we need to get it done, the sky is the limit for Hulu,” he said.