Cable TV
Tivo reports a 45 per cent growth in subscriptions
MUMBAI: American firm Tivo which creates television services for digital video recorders (DVRs), has reported financial results for the fourth quarter and the year ended 31 January, 2006.
Total subscriptions were approximately 4.4 million, which represents a 45 per cent growth in the subscription base during the past year. Service and technology revenues for the year increased 48 per cent to $170.9 million, compared to $115.5 million last year. Service and technology revenues for the quarter increased 37 per cent to $47 million, compared to $34.2 million for the same period last year.
TiVo achieved its first positive cash flow from operations. For the year, Tivo lessened its net loss to $34.4 million and net loss per share of ($0.41). This was a 57 per cent and 59 per cent improvement respectively, compared to a net loss of ($79.8) million, or ($0.99) per share for the previous year.
For the fourth quarter, Tivo reported a net loss of ($19.5) million and net loss per share of ($0.23), a 42 per cent and 45 per cent improvement respectively, compared to a net loss of ($33.7) million, or ($0.42) per share, for the fourth quarter of last year.
Tivo-owned subscription gross additions were 221,000 for the quarter, compared to 276,000 in the fourth quarter of last year. This fiscal fourth quarter was the second best quarter in Tivo’s history in terms of Tivo-owned subscription net additions. Tivo-owned subscription net additions were 183,000 compared to 251,000 in the fourth quarter of last year. These numbers represent a decline compared to last year, reflective of the more challenging competitive environment. However, the fourth quarter results also suggest an improvement in year-over-year trends.
In terms of sequential quarter-over-quarter percentage growth, this year represented a significant improvement over last year, showing early traction from the company’s new marketing programmes. Separately, as expected, TiVo added 173,000 DirecTV subscriptions in the quarter, compared to 379,000 in the third quarter of the year.
Tivo CEO Tom Rogers said “This was a steady quarter for Tivo as our subscription base continued to grow, even in this more competitive environment. During the last six months, we have implemented a number of marketing programs designed to support our long-term goal of driving increased scale in our
subscription base.
“We are starting to see the results of these programmes as the fourth quarter was our best on-line quarter ever through TiVo.com. In addition, virtually all new subscriptions during the quarter signed on for a minimum one-year period, helping to further reduce our already comparatively low churn rate.
“One of the key ways to drive our subscription base is to continue to differentiate TiVo’s service features from those of generic DVRs, which is an important driving force for us in 2006. Along those lines, we have just introduced a groundbreaking way for parents to supervise television in the home with all the simplicity that the Tivo service has come to be known for. TiVo has stepped in to solve an age old problem in the children’s television arena with the support of the largest children’s television groups in the country,
Common Sense Media and The Parents Television Council.
“As the pioneer in the DVR market, we continue to blaze the trail by providing our subscribers with unique content and programming features like TiVo KidZone, TiVoToGo, Advertising Search and the Yahoo! partnerships for TV scheduling, traffic, and photo distribution, which will continue to separate the TiVo service as a best of breed product.
“In addition, as demonstrated by the Verizon Wireless announcement earlier this week, and a number of device integration initiatives made in the fourth quarter including the updated capability in our TivoToGo feature to transfer TV shows to portable devices including the Sony PSP and our work with Intel to seamlessly integrate content from TiVo units with Intel’s Viiv platform. Tivo is demonstrating that it is a central point of integration in the home with other digital devices and services,” adds Rogers.
Tivo has also announced new, simplified pricing structures that make it easier for consumers to add Tivo to their home entertainment options. TiVo developed the new pricing structure after completing several months of market research among new and existing Tivo subscriptions and extensively testing the pricing options in the marketplace.
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.
