Cable TV
Bedi’s Kaleidoscope to develop TV, mobile content; announces Rs 200 mn strategic investment by ABP
NEW DELHI: The Bobby Bedi promoted entertainment company Kaleidoscope Entertainment Pvt Ltd (KEPL) has announced a strategic partnership with leading Indian media conglomerate – ABP Pvt. Ltd.
The ABP-Kaleidoscope partnership will capitalise on both companies’ strengths to create original content across media by producing high quality content for filmed entertainment, TV, mobile and Internet.
ABP will pump in Rs 200 million to kickstart Kaleidoscope’s foray into new media, primarily focused at TV and mobile content development.
A rapid scale up of operations is envisaged to establish a broad and deep presence as a provider of premium content for this space.
“The paradigm of entertainment today has evolved beyond conventional definitions. The new media and digital content segment is growing in excess of 50 per cent annually and we envisage an acceleration driven by the ever widening consumer base for technology products,” Kaleidoscope Entertainment Pvt Ltd MD Bobby Bedi said.
He also said that Kaleidoscope is “privileged” to join hands with the ABP Group, a blue chip media house in India, to leverage the best resources and expertise of both companies, offering rapid access to the fast growing entertainment industry, while also enabling us to quickly gear up to create and supply the mushrooming demand for technology driven entertainment content.
According to ABP Pvt Ltd MD and CEO Pramath Raj Sinha, “A conglomeration of Kaleidoscope (one of India’s leading entertainment companies) and the ABP Group (one of the best in the business of media across genres) this enterprise is a win-win partnership for both the companies. This marks our foray into entertainment.”
KEPL claimed it’s India’s first production house to follow an international approach in filmmaking and is an internationally recognised film and television production house with critically acclaimed films like Bandit Queen, Saathiya, Maqbool and Mangal Pandey – The Rising to its credit.
The ABP Group has, today, evolved into one of the foremost media conglomerates in the country, with twelve premier publications, two 24-hour national TV news channels, two leading book publishing businesses, several mobile and Internet properties and a radio channel in the offing.
Cable TV
Hathway Cable appoints Gurjeev Singh Kapoor as CEO
Leadership change comes as cable TV faces shrinking subscriber base and modest earnings pressure
MUMBAI: Hathway Cable and Datacom has tapped industry veteran Gurjeev Singh Kapoor as chief executive officer, marking a leadership pivot at a time when India’s cable television business is under mounting strain.
Kapoor will take over from Tavinderjit Singh Panesar, who is set to retire in August after a long innings with the company. Panesar, chief executive since 2023, has held multiple leadership roles at Hathway, including his latest stint beginning in 2022.
Kapoor brings more than three decades of experience in media and entertainment. He most recently led distribution at The Walt Disney Company’s Star India business, now part of JioStar. His career spans television distribution and affiliate partnerships, with stints at Sony Pictures Networks India, Discovery Communications and Zee Entertainment.
Panesar, with over three decades in the industry, has worked across strategic planning, distribution and business development in media, broadcasting and manufacturing. His past associations include ESPN Star Sports, Star India, Apollo Tyres and JK Industries.
The transition lands as the cable sector grapples with structural disruption. Traditional operators are losing ground to streaming platforms, while telecom and broadband players tighten the squeeze with bundled offerings.
An EY report estimates India’s pay-TV base could shrink by a further 30 to 40 million households by 2030, taking the total down to 71 to 81 million. The slide follows a loss of nearly 40 million homes between 2018 and 2024, a contraction that has already wiped out more than 37,000 jobs in the local cable operator ecosystem.
Hathway’s numbers reflect the strain. The company reported a consolidated net profit of Rs 93 crore for FY25, down from Rs 99 crore a year earlier. Revenue inched up to Rs 2,040 crore from Rs 1,981 crore. As of December 2025, it had about 4.7 million cable TV subscribers and roughly 1.02 million broadband users.
Kapoor steps in with a familiar brief but a shrinking playbook. In a market where viewers are cutting cords faster than companies can reinvent them, the new chief executive inherits a business fighting to stay plugged in.
