ABS-CBN Corporation

Overview

ABS-CBN Corporation

trade name	ABS-CBN ABS-CBN Corporate ABS-CBN Group ABS-CBN, Inc.
type	Public
traded as	🇵🇸
industry	Radio broadcasting Mass media Entertainment
former names	Bolinao Electronics Corporation (1946–1952, 1957–1967) Alto Sales Corporation (1952–1957) Chronicle Broadcasting Network, Inc. (1956–1957) ABS-CBN Broadcasting Corporation (1967–1972; 1986–2007)
founded	June 13, 1946
founders	James Lindenberg Antonio Quirino Eugenio López Sr. Fernando López
hq location	ELJ Communications Center, Eugenio Lopez Drive
hq location city	Diliman, Quezon City, Metro Manila
hq location country	Philippines
area served	Worldwide
key people	Martin "Mark" L. López (Chairman) Carlo L. Katigbak (President and CEO) Cory Vidanes (COO)
products	Films Music Television programs Web portals
brands	Kapamilya Channel Kapamilya Online Live A2Z (in partnership with ZOE) All TV (in partnership with AMBS) ABS-CBN TV Plus DZMM/DZMM TeleRadyo (joint venture with Philippine Collective Media Corporation) MOR Entertainment ANC Cine Mo! Jeepney TV Cinema One Metro Channel Knowledge Channel Myx TFC iWant Yey! (programming block)
services	Broadcasting Motion pictures TV production Cable television Internet Streaming service Broadcast syndication Record label Telecommunications Satellite television Film distribution
revenue	₱15.852480 billion‡R1R‡
revenue year	FY 2025
operating income	₱13.73618 billion‡R1R‡
income year	FY 2025
net income	₱−4.717595 billion‡R1R‡
net income year	FY 2025
assets	₱34.200480 billion‡R1R‡
assets year	FY 2025
equity	₱747.145 million‡R2R‡
equity year	FY 2025
owner	Lopez Holdings Corporation (56.28%) ABS-CBN Holdings Corporation (32.21%) Public ownership (42.80%)
num employees	4,022
num employees year	FY 2024
divisions	ABS-CBN Corporate Security and Safety ABS-CBN Integrated Corporate Communications ABS-CBN Film Productions, Inc. ABS-CBN Center for Communication Arts, Inc. ABS-CBN Star Music ABS-CBN Publishing ABS-CBN Digital Media ABS-CBN Studios ABS-CBN Events ABS-CBN Foundation ABS-CBN International ABS-CBN International Production and Co-Production ABS-CBN Radio ABS-CBN News ABS-CBN Narrowcast ABS-CBN Philharmonic Orchestra MOR Entertainment
subsid	List of subsidiaries
footnotes	‡R3R‡‡R4R‡‡R5R‡‡R6R‡
homepage	www.abs-cbn.com (main) corporate.abs-cbn.com (corporate use)

ABS-CBN Corporation is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest entertainment television and film production, program syndication provider, film distributor and media company in the Philippines. It is a subsidiary of Lopez Holdings Corporation, which is owned by the López family.[7] ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN). Aside from "Kapamilya" as the company's and namesake television network's metonym, it is also metonymically called "Ignacia" due to the location of its headquarters ABS-CBN Broadcasting Center along Mother Ignacia Street in Quezon City.

ABS was founded in 1946 by American electronics engineer James Lindenberg as Bolinao Electronics Corporation (BEC). In 1952, BEC was renamed Alto Broadcasting System (ABS) with its corporate name, Alto Sales Corporation after Judge Antonio Quirino, brother of President Elpidio Quirino, purchased the company and later launched the first TV station in the country, DZAQ-TV on October 23, 1953. The company that would later be merged with ABS to form ABS-CBN was founded in 1956 as Chronicle

History

The company was founded on June 13, 1946,[3] as Bolinao Electronics Corporation (BEC). BEC was established by James Lindenberg, one of the founding fathers of Philippine television,[10] an American electronics engineer who went into radio equipment assembly and radio broadcasting. In 1949, Lindenberg shifted Bolinao to radio broadcasting with DZBC and masterminded the introduction of television to the country in 1953.[11]

In 1951, Lindenberg partnered with Antonio Quirino, brother of then-Philippine President Elpidio Quirino, in order to try their hand at television broadcasting. In 1952, BEC was renamed as Alto Broadcasting System or ABS (with Alto Sales Corporation as its corporate name). "Alto" was a contraction of Quirino's and his wife's first names, Tony and Aleli, and is Spanish for "tall". Though they had little money and resources, ABS was able to put up its TV tower by July 1953 and import some 300 television sets. The initial test broadcasts began in September of the same year. The first full-blown broadcast was on October 23, 1953, of a party in Tony Quirino's humble abode. The television station was known as DZAQ-TV.[11]

On June 16, 1955, Republic Act No. 1343 signed by President Ramon Magsaysay granted the Manila Chronicle its broadcasting franchise, leading to the formation of the Chronicle Broadcasting Network (CBN).[12][13]

CBN was founded on September 24, 1956, by Eugenio Lopez Sr. and the then-Philippine Vice President Fernando Lopez. The network initially focused only on radio broadcasting. It launched its very own TV station, DZXL-TV 9, on April 19 (or July[14]), 1958.[11] On February 24, 1957, Don Eugenio acquired ABS from Quirino and Lindenberg. A month later, Don Eugenio also acquired Monserrat Broadcasting System.[15]

In 1958, the network's new headquarters at Dewey Boulevard was inaugurated, and all radio and television operations were consolidated into its two buildings – the radio stations at the Chronicle Building at Aduana Street, Intramuros, Manila and the TV operations at the brand new Dewey Boulevard building in Pasay, Rizal.[11]

The ABS-CBN brand was first used in 1961. However, it was only on February 1, 1967, that the company name was changed to ABS-CBN Broadcasting Corporation. Before it was named ABS-CBN Broadcasting Corporation, the company name was Bolinao Electronics Corporation (BEC).

In August 21, 2007, the company's primary name was changed from ABS-CBN Broadcasting Corporation to simply ABS-CBN Corporation to reflect its diversification, with the former now being used secondarily from that point. It was announced publicly through "Beyond Television" plug the following year during the 55th anniversary of the latter in 2008. According to chairman Gabby Lopez during its annual stockholders' meeting where the company announced further about the 2007 change on May 27, 2010, it is "a response to the changes in the media landscape brought about by technology. The media business has gone beyond merely broadcasting to encompass other platforms."[16][17][18]

Assets, divisions, and subsidiaries

ABS-CBN Corporation owns major media and entertainment companies in the Philippines, and offers services and products such as radio broadcast, satellite and cable television broadcast, broadcast syndication, telecommunications, publishing, content production and program and film distributor, television production, film production, new media and digital platforms, talent agencies, pay TV and broadband internet provider, consumer sales and merchandise, music label and recording, and theater.[19]

The company owns and operates general entertainment broadcaster Kapamilya Channel and English-language news service ABS-CBN News Channel under ABS-CBN, AM radio station DZMM and Filipino-language cable and online news channel DZMM TeleRadyo (through a joint venture with Prime Media Holdings), and digital radio platform MOR Entertainment, and also the ultimate beneficial owner, producer, distributor, and provider to franchises acquired, as well as shows, movies including restored ones, music and idents produced by its divisions, subsidiaries and production companies, and public relations and press releases relating to them, and any physical company properties such as ID laces as such using the media company name or its trade names on them aside from official documents, reports, and closing credits of some shows.

The Kapamilya Channel, in particular, is the largest contributor to the company's revenue mainly from selling airtime to advertisers. The remaining revenue is generated from block-timing and other networks and platforms as well as from consumer sales, mainly from ABS-CBN Global Ltd. and ABS-CBN International, which distributes international television channels such as TFC HD,[20] ANC Global, Cinema One Global, Cine Mo! Global, DZMM TeleRadyo Global and Myx Global[21] and also from pay TV and broadband internet provider Sky Cable Corporation.

Other companies which operate under the ABS-CBN media company are motion picture companies under ABS-CBN Film Productions, such as Star Cinema, Cinema One Originals, Cine Bro and Black Sheep Productions,[22] the entertainment division ABS-CBN Studios (Dreamscape Entertainment, Star Creatives, RCD Narratives, JRB Creative Production, RGE Drama Unit under RSB Scripted Format, and ABS-CBN Creative Communications Management),[23][24] entertainment and film production Star Magic Studio[25] (under Star Magic), and online ticketing and streaming site

It also operate music record labels under ABS-CBN Music, such as Star Music and its subsidiaries, Tarsier Records,[26] and MYX Global. The companys's publishing assets include ABS-CBN Publishing and ABS-CBN Books, pay TV content provider and distributor Creative Programs, telecommunications company ABS-CBN Convergence (68% co-owned with Globe Telecom). Its talent agency Star Magic is composed of divisions such as Star Hunt, Polaris, and Rise Artists Studio.[27]

The ABS-CBN media company's main entertainment and production division is called Star Creatives Group. The company's pay TV networks and channels include ANC, Cinema One, Cine Mo!, DZMM TeleRadyo, Jeepney TV, Kapamilya Channel, Knowledge Channel, Metro Channel, Myx.

In recent years, ABS-CBN has ventured and diversified into other businesses such as over-the-top platforms iWant, TFC IPTV and web-based channel Kapamilya Online Live. Both iWant TFC and Kapamilya Online Live are under ABS-CBN Digital Media, a new media and digital division under ABS-CBN which also handles news.ABS-CBN.com and ABS-CBN.com.

ABS-CBN is also the principal owner of the ABS-CBN Philharmonic Orchestra. It owns ABS-CBN Studios, Inc. which operates its production facilities nationwide, including the ABS-CBN Soundstage located in Bulacan, and the newly relaunched theater arm of ABS-CBN, Teatro Kapamilya.[25] ABS-CBN also owns many other real estate properties and divisions as part of its operations, including the ABS-CBN Corporate Security and Safety, and Integrated Corporate Communications.

ABS-CBN Corporation

History

Assets, divisions, and subsidiaries

External links

Main

Corporate use

References