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Friday, January 30, 2026

SPNI Taps Harsh Sheth as SET Business Head: JioStar Vet Drives P&L Growth in OTT-Squeezed Hindi GEC Market

GMA Author
The GMA Admin
News

Why Harsh Sheth’s Appointment Matters Now

Sony Pictures Networks India (SPNI) has appointed media veteran Harsh Sheth as Business Head of Sony Entertainment Television (SET), its flagship Hindi GEC powerhouse. Effective immediately, Sheth steps in to drive overall business strategy, P&L responsibility, and growth—reporting to Nachiket Pantvaidya, Chief Content Officer for SET, Sony Marathi, and Movie Production.

Sheth arrives from JioStar, where he helmed Star Bharat and Star Utsav amid consolidation chaos, and brings 15+ years from Disney Star scaling movie channels. In a 2026 TV market squeezed by OTT giants (JioCinema, Disney+ Hotstar) and free TV fragmentation, this hire signals SPNI’s aggressive push to reclaim GEC dominance—leveraging Sheth’s P&L wizardry for profitable reinvention.

As linear TV evolves with hybrid ad models and regional surges, Sheth’s track record in cost optimization, audience retention, and partnership-building positions SET for a renaissance in India’s ₹75,000 Cr+ media ecosystem.

Sheth’s Proven Playbook: From Disney Star to JioStar Turnarounds

Sheth’s career screams execution. At Disney Star (over a decade), as Business Head for Hindi and English Movies, he scaled networks like Star Gold and Movies OK through savvy acquisitions, long-term deals, and yield management—delivering sustained profitability amid digitization shifts.

Jumping to JioStar post-merger, Sheth tackled high-stakes mandates:

  • Star Utsav FTA Pivot: Navigated the channel’s free-to-air transition, stabilizing reach while boosting ad revenues via targeted inventory.
  • Star Bharat Revival: Slashed costs, optimized content slates (family dramas, mythos), and juiced GRPs—lifting financials in a ratings-rigged battlefield.

“Harsh brings a strong blend of commercial acumen, audience insight, and leadership experience,” said Nachiket Pantvaidya. “As SET sharpens its growth and business ambitions, his experience in building large, profitable entertainment businesses will be a valuable addition to the team.”

Sheth’s remit at SET? Overhaul strategy amid BARC volatility: audience migration to OTT, sponsor fatigue, and regional Hindi upstarts. Expect data-driven content tweaks, premium ad formats (connected TV tie-ins), and ecosystem plays with SonyLIV.

SET’s Strategic Moment: Reclaiming GEC Throne

Sony Entertainment Television, born 1995, boasts icons like CID, India’s Got Talent, and weekend blockbusters (Indian Idol). Yet 2025 saw GRP slips to Colors and Zee—blamed on formulaic fiction and youth exodus to reels/shorts.

Sheth inherits a channel at crossroads:

  • Audience Shift: Urban Hindi viewers (18-45) demand aspirational stories blending drama, reality, and social commentary.
  • Monetization Crunch: Ad rates stagnate as IPL/sports siphon budgets; FTA rivals erode pay-TV premiums.
  • Hybrid Future: SPNI eyes AVOD/CTV synergies, with SonyLIV’s 50M+ users as feeder.

“SET is one of India’s most iconic entertainment brands,” Sheth said. “I’m excited to join SPNI and look forward to working closely with Nachiket and the leadership team to drive the next phase of growth and strengthen SET’s market leadership.”

Under Pantvaidya’s content oversight, Sheth will fuse creative firepower with revenue rigor—potentially greenlighting IP remakes, influencer-led shows, and targeted regional feeds.

Industry Impact: Media Mergers Fuel Leadership Shuffle

This hire ripples through India’s consolidating media wars. Post-Viacom18-JioStar merger, talent ping-pongs: Sheth follows execs jumping ships for stability. SPNI, under Culver Max, counters with Sony’s global playbook—precision over volume.

Key bets:

  • Content Optimization: Swap underperformers for high-ROI genres (crime thrillers, family sagas) informed by AI analytics.
  • Revenue Diversification: Branded content, programmatic ads, and SonyLIV exclusives to offset linear declines.
  • Partnerships: Tie-ups with YouTube stars, JioStar alums for cross-pollination.

BARC Week 4 data shows SET at 0.18 TVU share—top 5 but trailing StarPlus (0.22). Sheth’s mandate: +20% revenue via 10% audience lift.

Target Priorities: Urban Youth, Sponsors, and Scale

Sheth targets:

  • Core Viewers: SEC A/B Hindi heartland (Mumbai, Delhi NCR) craving premium fiction.
  • Advertisers: FMCG, auto, e-comm brands seeking sticky eyeballs for tentpole events.
  • Talent Ecosystem: Woo top producers (Balaji, Triangle) for flagship slots.

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