Cable TV
MGM to launch new media division
MUMBAI: Metro-Goldwyn-Mayer Studios (MGM) has launched a new media division. Douglas A. Lee will oversee the new unit as executive VP.
Lee will oversee MGM’s digital distribution strategy. He will also spearhead the studio’s broadband and wireless efforts and shepherd new digital media growth.
MGM chairman, CEO Harry E. Sloan said, “MGM will be making significant moves in terms of new platforms, ranging from TV and the Internet to wireless, mobile and more. Doug has a wealth of senior management experience culled from several major media companies including Fox, HBO and Universal. This and his proven track record in new media will be a great benefit and addition to MGM’s already outstanding team. I am thrilled to have him at the helm as we capitalise on the myriad opportunities in the digital space.”
MGM COO Rick Sands says, “Doug is an expert at navigating the new media space and identifying key opportunities. He will also be working closely with our strategic partner, Sony Corporation of America, which is at the forefront of Blu-ray and major electronic and digital initiatives.”
Lee says, “There are numerous opportunities to grow and extend the MGM brand in the new media age. We will look to mine the library for new opportunities and also create new productions and initiatives for the plethora of new media opportunities that currently exist, as well as plan for new and emerging possibilities.”
With over 20 years experience as a senior executive in the global entertainment business, Lee’s career highlights include the launch of HD Cinema 10 for Voom, the creation of Noggin, the first educational children’s network and a joint venture between Sesame Workshop and Nickelodeon; a founder of Crime, a broadband platform that was sold to USA Cable; and he was instrumental in spearheading News Corp.’s acquisition of Star-TV.
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.
