All Youth Channels, Inc. (AYC) is a cable TV and concert management company based in Pasig, Philippines. The company is currently the co-owner of cable channel Nickelodeon. AYC was also the final co-owner of MTV Philippines, which was closed down in 2010, and formerly operates two FM radio stations in Metro Manila U92 and Radio High 105.9. The current CEO is Francis Lumen, former radio executive of Nation Broadcasting Corporation.
The company's headquarters are located at Silver City, Ortigas East, Pasig.
History
After the dissolution of its joint venture with NBC, MTV Networks Asia signed a licensing agreement with All Youth Channels, Inc. (AYC), which is run by some of the members of Music Source, including Lumen, to control both MTV Philippines and its sister channel, Nickelodeon. AYC owned and operated 100% of then-new MTV Philippines.
MTV Philippines was an exclusive channel on cable and satellite television systems.[1] However, Lumen decided not to renew the contract (except Nickelodeon Philippines, MTV Philippines's sister channel). There were also some posts claiming that instead of funding for MTV Philippines, they would rather fund TV5 in which they planned to be the next big thing on TV (which later found out to be purchased by