Mike Lang, the EVP of biz dev and strategy at Fox, and one of the key forces behind putting the Hulu deal together, is leaving the company after six years, paidContent has learned and confirmed. His last day is tomorrow, and he is leaving to “look for new entrepreneurial opportunities,” according to an internal memo sent out by Tony Vinciquerra earlier today. From the memo: “Mike has recently informed us that he will be leaving the company to look for new entrepreneurial opportunities. Mike has been a valued member of our team and was instrumental in many of our acquisitions and partnerships over the last several years.”
Lang, who is based in Los Angeles, joined Fox in 2004, and was involved hands on in early days of Fox Interactive Media, including the acquisition of MySpace and IGN. Besides the formation of Hulu, Lang — a Disney (NYSE: DIS) vet — was also recently involved in bringing in Disney into the Hulu fold. No word on who, if anyone, will replace him at Fox, though it seems likely his responsibilities will be spread out through the current org. Update: As Peter points out, he was also close to Peter Chernin in News Corp (NSDQ: NWS). and with the Chernin era over, seems like a logical move for him to move on.
Staci adds: My thought: it’s not so much that Chernin is gone as who replaced him. Chase Carey has been rearranging a lot of pieces on the Fox side — and he’s been phasing out the major dealmaking apparatus, making it a lot less interesting for those who excel at deals. He’s also been putting his own structure in place. Some execs have been in limbo for months; some are just realizing they’re there. Look for more departures.