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Walt Disney Co. (NYSE: DIS) CEO Bob Iger and News Corp (NSDQ: NWS). COO Chase Carey may step down from the board of directors at Hulu, according to The Wall Street Journal. The move to reduce the number of board members is being seen as an effort to “streamline decision-making within the venture.”
That could be good news for Hulu CEO Jason Kilar, who seemed to be sending a clear signal with a scathing blog post on Hulu.com last month that there was tension regarding the strategic direction of the site. Issues ranging from pursuing an IPO to the business model for the Hulu service have divided the venture’s stakeholders, which include Disney, News Corp., NBCUniversal and Providence Equity Partners.
But with these company retaining their stake in Hulu, fewer seats at a table can only go so far to neutralize disagreement. As the WSJ recounts, the stakeholders are currently evaluating how long to renew their content deals for the site.
Given that rampant speculation has died down that Kilar would leave Hulu in the wake of his controversial memo, it’s possible to interpret the board reduction as an effort that the principals are giving the well-regarded executive a little breathing room.