Monday, August 16, 2021
ABS-CBN incurs P1.4B net loss in Q2 this year vs P3.1B in Q2 in 2020
ABS-CBN Corp incurred a net loss of P3.4 billion in the first 6 months of 2021 compared to the P3.9 billion net loss in the same period last year, according to a financial report it filed with the Philippine Stock Exchange (PSE) on Monday.
Net loss for the quarter ended in June was at P1.44 billion compared to the P3.1 billion in the same period last year, it said.
Consolidated revenue reached P8.2 billion, lower by 38.7 percent compared to the P13.3 billion in the January to June period last year, it added.
Advertising revenues declined by 57.1 percent "attributable to the absence of the company in the free-to-air advertising space following the cease-and-desist order issued by NTC" on May 5, 2020, it said.
The House Committee on Legislative Franchises on July 10 adopted a resolution denying the franchise application of the company.
Despite the non-renewal of its franchise, ABS-CBN continued to produce quality content and find ways to reach Filipino families, it said.
It would keep GMA as the sole free-to-air channel/network in the country.
In June 2020, it launched its Kapamilya Channel on cable TV while its digital streaming channel Kapamilya Online Live launched in August last year.
It also partnered with Zoe Broadcasting last Oct. 6, 2020 for a blocktiming deal.
Early this year, House Speaker Lord Allan Velasco shattered hopes of a possible ABS-CBN comeback, saying calls to grant the network a new franchise will have to wait until the election of the next Congress in 2022.
"Launching these platforms allowed the Company to generate P1.63 billion in advertising revenues during the 1st half of 2021," ABS-CBN said.
It also integrated digital apps to IwantTFC and distributed over 180 titles to Asia, Africa, Middle East and Europe as well as over-the-top platforms generating over P121 million, it said.
ABS-CBN President and CEO Carlo Katigbak in July said the iWant TFC platform now has 4 million monthly active users.
Sky Cable, although unable to provide direct-to-home (DTH) service, continued to focus on its broadband subscriber base. ABS-CBN said Sky Cable revenues reached P4.2 billion despite the absence of DTH services.
Capital expenditures and program rights acquisition spending reached P1.8 billion as of June 30, the network said.
https://news.abs-cbn.com/business/08/16/21/abs-cbn-posts-p34b-net-loss-in-h1-2021
Sakto | Teleradyo (16 August 2021)
Sunday, August 15, 2021
JOHNNY’S GREETINGS FOR AUGUST 2021 CELEBRATORS (SECOND HALF)
August 16 - Sarah Balabagan, Harvey Bautista, Pasay City Mayor Emi Calixto-Rubiano, Tippy Dos Santos, Angela Evangelista, Jess Lapid Jr., Rod Nepomuceno, Lianne Valentin and Paranaque City Councilor Jomari Yllana
August 17 - Ella Cruz, DJ Durano, Tootsie Guevarra, Mark Obera, Patricia Prieto, Jean Saburit, Paolo Serrano, Axel Torres and Carmina Villaroel
August 18 - Nikki Bacolod, Manny Calayan, Raquel Tobias-Ignacio, Jon Lucas, Mark Meily, Wendell Ramos, Loretta Rosales, Sam YG, Andy Samberg and Nicole Uysiuseng
August 19 - Debbie Garcia, Ella Guevarra, Al James, Abi Kassem, Maria Isabel Lopez, Nathan Lopez, Lily Monteverde, Hannah Pecillas, Mona Louise Rey, Kevin Christopher Ty
August 20 - Susan Africa, Pete Lacaba, Japs Sergio, Harry Tanamor, Noel Trinidad, Bro. Mike Velarde and Fenech Veloso
August 21 - Martin Andanar, Danielle Castano, Gil Cuerva, Casey da Silva, Lito Lapid, Hayden Panettiere, Adrian Pascual, Kate Valdez and Prince Villanueva
August 22 - Claire Celdran, Pilita Corrales, Angelu de Leon, Jay Durias, Jean Garcia, Baste Granfon, Chin Chin Gutierrez, Jana Roxas, Yvette Sanchez and Chariz Solomon
August 23 - Mikee Agustin, Augusto Baluyut, Xylia Banaag, Herlene Budol, Zaijan Jaranilla, Mark Neumann, Eliza Pineda, Russell Reyes and Jose Sarasola
August 24 - Sofia Andres, David Gregory, Craig Kilborn, Helga Krapf, Faye Lorenzo, Hailey Mendes, Chad Michael Murray, Senator Kiko Pangilinan and Senate President Tito Sotto
August 25 - Zeppi Borromeo, Cebu Vice Governor Hilario Davide III, Gwendolyn Ecleo, Blake Lively, China Anne McClain, Ahwel Paz, Rachel Ray, Bryana Salaz and Kiyomi Watanabe
August 26 - Barbie Almalbis, Wil Dasovich, Nina Jose-Quiambao, Yumi Lacsamana, Leah Magramo, Zonia Mejia, Vaughn Payongayong, Efren “Bata” Reyes and Angeli Valenciano
August 27 - Ogie Alcasid, Jocjoc Bolante, Michael Cinco, Senator Leila de Lima, Arnold Rei dela Cruz, Pen Medina, Esterlina Olmedo, Pokwang and Miguel Vergara
August 28 - Jana Agoncillo, Acel Bisa, Ben Chan, Max Collins, Emilio Garcia, Anna Lumbang, Jennifer Maravilla, Mark L. Mendoza, Kelly Misa and Roadfill Obeso
August 29 - Nicole Anderson, Joem Bascon, Aria Clemente, Neptali Gonzales II, Chito Loyzaga, Lea Michele, Iwa Moto, Shantel Ngujo and Jamie Rivera
August 30 - Czarina Balba, Raffey Cassidy, Richard Enriquez, Toni Rose Gayda, Lisa Ling, Edgar Mortiz, Addy Raj and Antoinette Taus
August 31 - Marcus Cabais, Rachelle Ann Go, Eugene Herrera, Jim Paredes, Sara Ramirez, Sam Thurman
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