ABS-CBN is a Filipino commercial broadcast television network that is the flagship property of. The studios will be used for its upcoming teleserye The Faithful Wife and will commence production on. The ABS-CBN TVplus service has four exclusive TV channels which are free of charge; these are. GMA News Online.
• • • • • • • • Website ABS-CBN Corporation, commonly known as ABS-CBN, is a Filipino media and entertainment group based in,. It is the Philippines' largest entertainment and in terms of revenue, operating income, net income, assets, equity, market capitalization, and number of employees. ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network. (CBN) ABS was founded in 1946 by American electronics engineer as Bolinao Electronics Corporation (BEC). In 1952, BEC was renamed Alto Broadcasting System (ABS), after, brother of, purchased the company.
The company that would later be merged with ABS to form ABS-CBN was founded in 1956 as Chronicle Broadcasting Network (CBN) by newspaper mogul and his brother, which was then-Vice President of the Philippines. The two companies were merged and incorporated as ABS-CBN Broadcasting Corporation on 1 February 1967, and renamed ABS-CBN Corporation in 2010 to reflect the company's diversification. The common shares of ABS-CBN were first traded on the in July 1992 under the ticker symbol ABS. The group owns and operates the and national television networks as well as the and regional radio networks. The ABS-CBN television network, in particular, is the largest contributor to the group's revenue, generating about 50 to 60 percent of the group's total annual revenue mainly from selling airtime to advertisers. The remaining revenue is generated from consumer sales, mainly from ABS-CBN Global Ltd., which distributes international television channels such as and and also from pay TV and broadband internet provider. Other companies which operate under the ABS-CBN group are motion picture company, music recording label, publishing firm, pay TV content provider and distributor, and talent agency.
Comments are closed.