ABS-CBN Corp. is bringing Gandang Gabi Vice back in September, reviving one of its best-known entertainment franchises around Vice Ganda, one of the network’s biggest stars.
More than six years after losing its franchise and enduring a television shutdown that crippled its finances, ABS-CBN is in its strongest position in years.
GMA Network Inc., the country’s biggest broadcaster, is facing its toughest stretch in years as companies pull back advertising spending and viewers continue moving online.
ABS-CBN Corp. secured more breathing room after banks extended multibillion-peso loans, giving the media group more time to repair its balance sheet with a critical P6-billion capital injection on the way.
Summit Media and PlayTime Entertainment launched a new technology venture on Wednesday, marking the Gokongwei-backed media company’s biggest strategic move since it shifted from print publishing in 2018.
ABS-CBN Corp. said there are no discussions to hand the company’s management to the group of tycoon Manuel V. Pangilinan, responding to recent reports about the broadcaster’s future.
A joint customer advisory set to be issued on Friday evening said “the commercial arrangement between Converge ICT Solutions Inc. and SKY Cable Corp., previously disclosed on July 22, 2024, remains in full force and effect.”
GMA Network Inc. is inching closer to the global top 10 in digital media rankings, underscoring how broadcasters are increasingly relying on social media scale as traditional television audiences continue fragmenting.