2GO Group, Inc. (2GO), a subsidiary of SM Investments Corporation, said it posted a P109 million net profit in the second quarter of the year, a solid turnaround from P308.7 million net loss in the same period last year. The company said the strong performance was driven by increased activities in the second quarter across… Read More 2GO posts P109M net income in Q2
ABS-CBN Corp. on Thursday announced the acquisition of a 35 percent stake in TV5 Network Inc. that would help the Pangilinan-led broadcasting network grow and strengthen its free to air network while further expanding the audience reach of the Lopez-led company. ABS-CBN and TV5 executed on August 11 the investment agreement that will allow… Read More Buong Pamilya na! ABS-CBN acquires 35% stake in TV5 for P2.16B
Cebu Pacific has deployed a bigger aircraft for its Tacloban, Dumaguete, and Butuan flights to meet higher demand brought about by relaxed restrictions and pent-up desire to travel. “We recently added more seats using our new A320neo as we see increasing demand. This upgrade will accommodate more passengers and carry more cargo,” Xander Lao, chief… Read More Cebu Pacific upgrades flights to Tacloban, Dumaguete, Butuan with bigger aircraft
TFC, the overseas flagship channel of leading global Filipino media and entertainment network ABS-CBN, was the preferred Filipino channel and among the most watched multicultural networks on cable and satellite in the U.S. this past month of March. This data was shared by Comscore, a leading and trusted source for television viewing data. “We are… Read More TFC tops Comscore’s TV viewing engagement for Filipino networks in Asian households in the US
Businessman Manuel V Pangilinan opens the MVP group’s emergency quarantine facility in Antipolo, Rizal, to help care for employees with asymptomatic to mild cases of COVID-19. Select areas within the 10-hectare space of the First Pacific Leadership Academy (FLPA) have been repurposed into makeshift rooms, augmenting FPLA’s existing hotel facilities currently being used to isolate employee-patients.… Read More MVP group opens emergency quarantine facility for employees
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. Originally written by Mike Bartlett and produced by Drama Republic, the BAFTA award-winning series centres around a trusted doctor whose life implodes when she… Read More Audiences in the Philippines to be treated with Doctor Foster
Cebu Pacific on Tuesday reported a P22.2 billion net loss last year from P9.12 billion income in 2019 due to the heavy impact of the unprecedented COVID-19 crisis. “With health and safety concerns resulting in the decrease of passenger confidence and heightened travel restrictions, CEB’s operational and financial performance were severely affected,” the airline said.… Read More Cebu Pacific posts P22.2B losses last year due to COVID-19 pandemic
Globe Telecom Inc. on Wednesday said net income fell by 16 percent last year, mostly because of the impact of COVID-19 pandemic. The Ayala-led telco said net profit amounted to P18.62 billion in 2020, down from P22.28 billion in 2019. Core net income also dropped by 13 percent to P19.52 billion last year from P22.45… Read More Globe net profit reaches P18.6B in 2020
GMA Network Inc. said it is targeting to sell up to one million mobile digital terrestrial television (DTT) receivers by February 2022. In a virtual briefing, Dennis Augusto L. Caharian, president and chief executive of GMA New Media Inc. said the company is targeting to sell within the range of 500,000 to one million units… Read More GMA targets to sell 1M GMA Now device
GMA Network Inc. on Tuesday said it sold one million units of GMA Affordabox in just seven months after its launch. “We, at GMA Network, express our gratitude to our Kapuso viewers for their continued trust and for wholeheartedly welcoming GMA Affordabox into their homes,” Felipe L. Gozon, chairman of GMA Network said. “Rest assured that… Read More GMA Network sold 1M Affordabox in just seven months after launching
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