A new study by the Philippine Competition Commission (PCC) warned that competition in the free television industry has weakened after ABS-CBN Corp.’s franchise nonrenewal, leaving GMA Network with a 93 percent market share.
Lopez family-led media giant ABS-CBN Corp. expressed gratitude after a surprise bill filed by Rep. Joey Salceda to grant the network a broadcast franchise sent its stock soaring over 20 percent on Tuesday.
“Hello, Love, Again” has rewritten history, raking in over P1.4 billion at the global box office—a figure 50 percent higher than the previous record set by “Rewind.”
“Hello, Love, Again” has made history, earning P930 million worldwide in just 10 days, mirroring the massive success of its predecessor, Hello, Love, Goodbye, five years ago.
ABS-CBN president Carlo Katigbak expressed optimism about the company's financial turnaround, saying the firm is aiming to achieve positive cash flow by the end of 2024.