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Business is good for the Kapuso network.
GMA Network Inc. reported that soaring advertising revenues and growth in consumer business contributed to a massive increase in profits for the first half of 2021.The Kapuso Network said total revenues for the first half of the year soared 57 percent to ...
 
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The network is committed to doing what's right.
In a normal world, media companies profit handsomely during elections years. But for embattled media group ABS-CBN, election year 2022 is out of whack, but could potentially be a pivot toward what could be their new normal.  Elections, which comes every three years ...
 
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Two big hits.
Two of ABS-CBN’s hit action series will be shown to households in sub-Saharan Africa as part of the broadcaster’s multiyear agreement with digital TV operator StarTimes. The two series are Brothers (Ang Probinsyano) and Fists of Fate (Sandugo) and will be shown ...
 
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The Kapamilya network is hemorrhaging.
ABS-CBN Corp.’s net losses ballooned to P1.944 billion during the first quarter of 2021, a 158.7 percent dip from the P751 million loss it recorded last year. In its financial report submitted to the Philippine Stock Exchange, the Lopez-owned company said revenues continued ...
 
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Network is optimistic it will increase earnings by 15% in 2021.
GMA Network chairman Felipe L. Gozon said the company is earmarking P20 billion in capital expenditures and production costs over the next three years. This is similar to what he announced for the outlays and content costs last year. The broadcast giant is ...
 
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Duterte says he 'will not allow' NTC to grant a permit to ABS-CBN unless the Lopezes pay 'taxes.'
President Rodrigo Duterte said Monday he would not allow ABS-CBN to secure a new permit from the National Telecommunications Commission until the Lopez family pays all their "taxes."But in February 2020, the Bureau of Internal Revenue cleared the network of any outstanding obligations, saying ABS-CBN has been regularly paying ...
 
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Filipinos have lost their most prolific film restorer.
Sagip Pelikula was never the big earner for ABS-CBN. Initially, it was a project created to digitally remaster films but was later on expanded to find and restore iconic Filipino films that would have been lost to time and physical decay. But now that the ...
 
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The iconic Mr. M gets candid about the real reason he left the Kapamilya Network.
One reason Johnny Manahan, or simply Mr. M to most people in the entertainment industry, left ABS-CBN is that he simply felt it was time to go. “I found myself walking around the hallways (of ABS-CBN), and feeling nostalgic about the old days,” ...
 
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The seasoned businessman and former congressman has produced films before, but he’s entering new territory with TV production.
Albee Benitez is used to rubbing elbows with celebrities. He hangs out with Albert Martinez, goes deep sea fishing with Gabby Concepcion, and plays badminton with Piolo Pascual. But he’s probably never been closer to the actual “business of show” than he’s ...
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