Out with the old, in with the new.

Hulu announced Tuesday, Oct. 24, that CEO Mike Hopkins is leaving the company. He will be replaced by Hulu board member and Twenty First Century Fox Inc.-owned (FOX) Fox Networks Group COO and President Randy Freer, effective Monday, Oct. 30.

Hopkins is reportedly leaving Hulu to accept a position at Sony Corp.-owned (SNE) Sony Pictures Television. Hopkins is set to take over as chairman of the independent studio starting in late November.

Mike Hopkins will leave Hulu next week.
Mike Hopkins will leave Hulu next week.

Hopkins has led Hulu since 2013. Under his tenure, the streaming service had a landmark primetime Emmy showing earlier this fall with blockbuster hit "The Handmaid's Tale." The show won eight of Hulu's 10 Emmy awards, including the coveted outstanding drama series award.

In his post at Fox Networks, Freer oversaw revenue, distribution, operations, business development and strategy for all parts of the Fox Television Group, Hulu said in the announcement. The board said there's "no better candidate" to lead Hulu.

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