Cignal Cable Corporation (“Cignal Cable”) today entered into a Sale and Purchase Agreement with Sky Vision Corporation (“Sky Vision”), ABSCBN Corporation (“ABS-CBN”), and Lopez, Inc. for the acquisition of 38.88% of the total issued and outstanding capital stock (the “Sale Shares”) of Sky Cable Corporation (“Sky Cable”), one of the leading companies that offers cable television and broadband services under the Sky Cable brand, for a total consideration of Php2.862Bn. The investment of Sky Cable … [Read more...] about Cignal Cable acquires stake in Sky Cable Corp.
ABS-CBN Corporation
No way but up for Asia’s homegrown streaming platforms
More and more people across the Asia Pacific region are getting into the habit of streaming. According to a report from SpotX in 2021, over 400 million people are now using OTT video streaming services in the region, with over 69% of video viewers watching streaming videos at least once a week. With the surge of viewership driven by the ongoing COVID-19 pandemic, homegrown Asian OTT platforms have continuously been innovating to meet the demand for more content. And as streaming becomes more … [Read more...] about No way but up for Asia’s homegrown streaming platforms
ABS-CBN TFC brings blockbuster Filipino movies to Cathay Cinehome in Singapore
Cathay CineHome, the streaming video rental service of leading cinema operator Cathay Cineplexes in Singapore, and ABS-CBN Australia Pty. Ltd., a subsidiary of leading Filipino media and entertainment network ABS-CBN Corporation that serves international audiences, are teaming up to give fans top-quality Filipino movies flexibility on how and when they want to watch their favourite films. The Filipino box office hits are available for rent for as little as SGD$4.98 on Cathay Cinehome. … [Read more...] about ABS-CBN TFC brings blockbuster Filipino movies to Cathay Cinehome in Singapore
CASBAA hosts Philippines in View
Manila-The “Philippines in View 2017” Pay-TV conference, hosted by regional industry body CASBAA, on 30 August 2017 at the Marriott Hotel in Manila, will highlight the country’s role as a continuing growth market for digital video in all its forms. However, the Philippines is also a market likely to face growing challenges from online video piracy as broadband infrastructure improves. At the Conference, CASBAA will launch its “Philippines in View 2017” Market Report which … [Read more...] about CASBAA hosts Philippines in View
Sky Cable’s new COO
ABS-CBN Corporation has announced the appointment of Antonio Ventosa as the new chief operating Officer of Sky Cable Corporation, a leading cable and broadband technology provider in the Philippines. Ventosa will be responsible for the company’s overall business strategy and operations. He assumes the position as the company celebrates its 25th anniversary and inherits leadership of a company already strong in cable television but is eyeing expansion into being more than just a cable service. … [Read more...] about Sky Cable’s new COO
ABS-CBN’s net income jumps
The Philippines- ABS-CBN Corporation reported P2.545 billion (S$75 million) in net income for 2015. Revenue and net income targets were exceeded for 2015, with revenues from the TV and studio sect growing over 11%, compared to the previous year. What contributed to the success was creating major hits such as Pangako Sa ‘Yo, On the Wings of Love and more, attracting significant ad revenues. ABS-CBN maintained its leadership in terms of national total day audience share, which jumped to 43% … [Read more...] about ABS-CBN’s net income jumps