Pagsasanib-pwersa ng ABS-CBN at TV5 level-up na, investment signing agreement sinelyuhan Bandera

Pagsasanib-pwersa ng ABS-CBN at TV5 level-up na, investment signing agreement sinelyuhan

Ervin Santiago |August 11,2022
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Pagsasanib-pwersa ng ABS-CBN at TV5 level-up na, investment signing agreement sinelyuhan

Ervin Santiago - August 11, 2022 - 01:38 PM

Alfredo S. Panlilio, Jane J. Basas, Manuel V. Pangilinan, Mark L. Lopez, Carlo L. Katigbak at Bobby V. Barreiro

LEVEL-UP na ang pagsasanib-puwersa ng ABS-CBN at TV5 matapos ang naganap na contract signing para sa isa na namang bonggang kasunduan.

Kahapon, August 10, naganap ang investment signing agreement ng dalawang network sa TV5 headquarters sa Mandaluyong City.

Present dito sina MediaQuest Holdings Chairman Manny Pangilinan, ABS-CBN Corporation President and CEO Carlo Katigbak, ABS-CBN Corporation Chairman Mark Lopez, at ang ibang mga executives ng mga nasabing media companies.

Ayon sa kasunduan ng dalawang kumpanya, makakakuha ang ABS-CBN ng 34.99 shares ng TV5, kasabay ng pagpapalabas ng mas marami pang Kapamilya content sa Kapatid Network.

Bukod dito, namuhunan na rin ang MediaQuest sa SkyCable, ang pay television at broadband arm ng ABS-CBN.

“After the consummation of this subscription, the MediaQuest group’s equity in TV5 will be reduced to 64.79% of the voting and outstanding capital stock and the MediaQuest group will remain to be the controlling shareholder of TV5.

“Simultaneously with the execution of the Investment Agreement, the parties will execute a Convertible Note Agreement pursuant to which ABS CBN to invest in a Convertible Note with a face value of Php1.84Bn to be issued by TV5 (the Convertible Note).

“The Convertible Note will allow ABS-CBN, subject to obtaining applicable regulatory approvals, to acquire additional primary common shares of TV5 after 8 years from the issuance of the Convertible Note, and thereby increase its equity in TV5 to no more than 49.92% of the outstanding capital stock of TV5.

“The proceeds of the subscription in the primary common shares and the Convertible Note in the total amount of Php4Bn will fund the capital expenditures and operating expenses of TV5 in pursuing the enhancements of its content and programming and public service offerings,” ayon sa joint press statement ng TV5 at ABS-CBN.

Ayon may Manuel V. Pangilinan, Chairman ng Mediaquest Holdings, “We welcome the entry and investment of ABS-CBN in TV5, as ABS-CBN has always been the leading developer and provider of Filipino-related entertainment content not only in the Philippines but overseas as well.

“Our companies have always had these cherished values of providing top and quality programs in the service of the Filipino people and together we believe we can achieve this in greater measure and success,” aniya pa.
Para naman kay Mark Lopez, Chairman ng ABS-CBN, “We are excited with this partnership as we see the opportunity to help TV5 grow and strengthen its free to air network.

“For ABS, it presents a fantastic platform for us to achieve synergies in production content and talent management as well as maximizing our content delivery. We look forward to be of greater service to the public as we come together in taking TV5 to the next level,” dugtong ng opisyal.

Sabi naman ni Carlo Katigbak, President and CEO ng ABS-CBN, “This partnership is consistent with the strategic intention of ABS-CBN to evolve into a storytelling company whose goal is to reach as wide an audience as possible.

“In partnership with TV5, we look forward to reaching viewers both on owned platforms and through other broadcast partners, thereby enriching the Philippine creative industry. We hope the industry evolves from being highly competitive to increasingly collaborative, which benefits all stakeholders in the long run,” pahayag pa ni Carlo Katigbak.

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