Hulu CEO Randy Freer Out, as Disney Looks to Dominate Streaming
Less than a year after Disney took control of Hulu, its chief executive Randy Freer is stepping down in a move aimed at consolidating the streaming services operations with the entertainment giant's direct-to-consumer wing.
"I want to thank Randy for his leadership the last two years as CEO and for his collaboration the past several months to ensure an exceptionally bright future for Hulu," said Kevin Mayer, chairman of Disney's direct-to-consumer & international operations.
Under the move, Mayer said Disney will have Hulu's executive report to its direct-to-consumer and international team allowing the company "more effectively and efficiently deploy resources, rapidly grow our presence outside the U.S."
"With the successful launch of Disney+, we are now focused on the benefits of scale within and across our portfolio of DTC businesses," he said in a statement.
Disney took over control of the Santa Monica-based streaming giant last May after it struck a deal with Comcast to sell its stake by 2024.
Months later, Disney + launched and the entertainment behemoth quickly offered consumers bundled packages with its other brands including the streaming service and ESPN. It's in heated competition with other streaming giants to capture market share and content from across the globe.
Competitor Netflix is producing 130 seasons of local language television this year alone.
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Twenty Years Ago Today, NASA First Sent a Woman to the ISS. Here’s What She Sees for Future Missions.
Twenty years ago today Lt. Gen. Susan Helms arrived at the International Space Station where she would go on to carry out a historic mission.
During a five-month stint at the station, she emerged to take a spacewalk with fellow astronaut Jim Voss that spanned nearly nine hours, breaking world records for both the longest spacewalk ever and the longest completed by a woman.
Since then, she's been on another mission to inspire a new generation of aerospace pioneers and help them build their own legacy.
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On this week's episode of the L.A. Venture podcast, Taj Eldridge talks about his newly-launched $250 million fund, Include Ventures aimed at Black and Brown founders and investors. The fund is part of VC Include, a platform that aims to accelerate investment into women, Black, Latinx, Indigenous and LGBTQ people.
"Some of the founders I talked to have said they don't want to get funding just because they're Black, said Taj. "And my thing is, well, I've seen the opposite side of it. I've seen not getting money because I'm Black. So, you know, right now, let's just move things forward."
Taj is passionate about reducing the wealth gap through Black and Brown ownership and continuing the work he does with Los Angeles Cleantech Incubator (LACI), where he's the senior director for investment.
"Don't invest in clean tech just because it is a moralistic issue or its future-proofing," he said. "As we've seen in what's happening in Texas now with the grid and everything else, It's a public health issue. It's an economic issue. It's a social issue."
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A 24-year-old unemployed college graduate frustrated by the tedious process of finding his grandmother a vaccine appointment created a new site to make it easier.
Find My Vax LA translates appointment information to any language, searches for open slots by zip code and on Friday released a Twitter bot that alerts followers of availability.
Andrew Friedman was hit with the same idea software engineers across the country have chased since public officials started distributing the COVID-19 shot.
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