Cable TV
Caracol, Funky Formats to showacse interactive telenovela at MIPTV
MUMBAI: Colombian broadcaster Caracol Television and Funky Formats have come put with an interactive telenovela Second Sin.
The format will air on Caracol later this year. The parties will offer the format to broadcasters at the television event MIPTV which takes place in Cannes next month.
Caracol VP content and production Cristina Palacio, says, “In Latin America, this concept represents an evolution in our long history of telenovelas. But in the US and other markets, there’s an added advantage, since broadcasters can introduce a brand new telenovela script to a mainstream audience through a construct which is already well-established: reality TV. Everyone already understands how that works, so it’s the perfect introduction.”
Funky Formats creative director Richard Martin says, “While there have been attempts at producing interactive dramas before, Second Sin is the first full-scale entertainment production of its kind. Without giving too much away, let’s say that the story line of Second Sin has something in common with Desperate Housewives, Lost and even Greek tragedy. It’s primetime entertainment—and in our view, American Idol meets Betty la fea.”
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.
