Business NEWS

Lopez Holdings Corporation reported a 39 percent jump in attributable net income to P851 million for the first quarter of 2022 from the P613 million earned in the same period last year.

The country’s leading content provider ABS-CBN Corporation, in partnership with innovative entertainment company KROMA and foremost corporate venture builder 917Ventures, is introducing “tradigital” viewing in the Philippines.

ABS-CBN Corporation, the country’s leading content provider, is venturing into the world of podcasting with 19 original shows on Spotify and Apple Podcast.

GMA Network and ABS-CBN Corporation have signed a contract for a historic partnership that will pave the way for the airing of some of Kapamilya Star Cinema’s movies on the Kapuso channel.

ABS-CBN Corporation continues with its digital shift by forging a partnership with YouTube, its first time in the Philippines, to develop and produce a new original series that will stream exclusively on the video streaming platform.

Airing a legal opinion, Kilusang Bagong Lipunan senatorial bet Larry Gadon sees no constitutional or legal violation committed in the assignment of television channels of ABS-CBN to the Advanced Media Broadcasting System, a broadcast firm owned by former Senate President Manny Villar.

ABS-CBN Corporation is raising P748 million from the sale of its treasury shares and PDRs (Philippine Depository Receipts) to interested qualified institutional buyers.

The measure that would provide immediate solution to the dilemmas faced by franchise applicants whose renewal of legislative franchise had been filed but remained pending in Congress has hurdled second reading.

The Court in the Southern District of Florida entered a default judgment in favor of leading Filipino media and entertainment company, ABS-CBN, and against 21 pirate site operators. The Order includes an award of damages in excess of $1 million against each of the 21 pirate website operators. The websites associated with these illegal operations are streaming portals offering free access to ABS-CBN content in the U.S. and abroad.

Lopez Holdings Corporation reported an attributable net income of P2.25 billion for the first nine months of 2021, a reversal of the P491 million in attributable net loss suffered in the same period last year.

ABS-CBN Corporation reported that it continues to widen its digital footprint, specially for YouTube and Facebook as it now focuses on serving audiences worldwide as a content company.

ABS-CBN Film Productions, a unit of ABS-CBN Corp. and the Philippines’ leading movie outfit, is exporting its box office hits to India for adaptation in Bollywood.

ABS-CBN Corporation is teaming up with Cathay CineHome, the streaming video rental service of leading cinema operator Cathay Cineplexes in Singapore, for the rental of Filipino movies.

Leading Filipino media and entertainment network ABS-CBN Corporation reported that The Filipino Channel (TFC) continued its dominance in viewership in multicultural Asian households in the U.S. in June and July 2021.

The 11,000 ABS-CBN employees who lost their jobs amid the economic despair brought about by the 2019 coronavirus disease (COVID-19) pandemic has remained a grave concern among lawmakers who tried, albeit in vain, to stop the closure of the network last year.

Two House of Representatives leaders who supported ABS-CBN’s bid for the grant of a fresh legislative franchise remained optimistic that the legislative body will ‘correct’ what it has done last year and grant the network its request in the 19th Congress.

ABS-CBN Corporation’s Star Cinema has partnered with the country’s biggest live streaming and social entertainment platform, kumu, to provide more entertainment content online.

BBC Studios and ABS-CBN Corporation, the Philippines leading media and entertainment company, announced a new scripted format agreement that will see gripping psychological drama Doctor Foster remade for the Filipino audience.