Cable TV
HBO Asia’s James Marturano retires; Chua to replace
MUMBAI: HBO Asia executive vice president and HBO South Asia managing director James Paul Marturano has retired, thus ending his two decade long tenure at the company.
Marturano will be succeeded by HBO Asia senior vice president sales and marketing Suarina Chua, who has been with the company for the last 12 years. She joined HBO in 1994.
Marturano will continue to work with HBO as a consultant. He played an integral role in establishing the channel in Asia. HBO is now available in 22 countries across the Asian region.
HBO Asia CEO Jonathan Spink said, “Jim has been a pivotal figure in driving the company’s long term growth in the region since our operations began in 1992. There’s nobody who’s done as much for the growth and development of HBO Asia. He leaves behind a significant legacy.”
As executive vice president of HBO Asia, Marturano headed the sales and marketing division and also looked after the company’s business development. He was also responsible for managing the operations of HBO ventures in South Asia that included India, Pakistan, Bangladesh and the Maldives.
Beginning his tenure with HBO in 1986, Marturano relocated to Singapore in October 1991 as director, international operations, and was responsible for overseeing the developmental work for the HBO Asia project. He was promoted to vice-president, sales and marketing in April 1992 and as senior vice-president, sales and marketing, for HBO Asia in January 1997, overseeing the distribution and marketing of HBO and Cinemax throughout Asia.
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.
