Hulu has poached a top executive at Fox as its new CEO and is closing in on $1 billion in revenues for this year, according to reports.
Bloomberg and Reuters report that Mike Hopkins will take over as chief executive of the company, replacing Andy Forssell, who has served the interim CEO since March. Forssell had replaced Jason Kilar, who served as CEO since 2007. Hulu reps could not be reached for comment.
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As head of distribution at Fox, Hopkins oversaw the collection of programming fees from broadcast affiliates and pay TV systems. He was also responsible for obtaining distribution for Fox Sports 1, according to Bloomberg.
Meanwhile, Forssell sent a memo to employees on Thursday stating that Hulu was on track to post $1 billion in revenues in 2013, according to AllThingsD. The company hit $700 million in revenues last year.