Friday, August 12, 2022

ABS-CBN and TV5 Deal is Now Official

A Historic Agreement: Mediaquest and ABS-CBN officially announce their partnership to strengthen its free to air network. Present are (L-R) Smart & PLDT President & CEO Alfredo S. Panlilio, Mediaquest Holdings President & CEO Jane J. Basas, Mediaquest Holdings Chairman Manuel V. Pangilinan, ABS-CBN Chairman Mark L. Lopez, ABS-CBN President & CEO Carlo L. Katigbak, and ABS-CBN Chief Partnership Officer Bobby V. Barreiro

TRANSACTION SUPPORTS THE NATIONAL POLICY GROWTH AND EXPANSION OF PRIVATE SECTOR ROLE IN PROVIDING EFFICIENT AND RELIABLE PUBLIC SERVICE

ABS-CBN Corporation ("ABS-CBN") and TV5 Network, Inc. (“TV5”), today announced the execution of an Investment Agreement that will allow ABS-CBN to acquire 6,459,393 primary (new) common shares in TV5 representing 34.99% of the total voting and outstanding capital stock of  TV5 for an aggregate subscription price of Php2.16Bn.  

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.

This transaction is clearly transformational for both companies and is  envisaged to significantly enhance significantly TV5’s capability to deliver content and coverage to the Filipino public in the areas of entertainment,  news, sports and public services. This is also consistent with the national  policy of expanding the private sector’s role of supporting efficient and  reliable public services, which TV5 is expected to provide through its  nationwide network to provide increased nationwide coverage, especially  in remote areas. 

The transaction is expected to be completed within August 2022, and  closing is subject to fulfillment of certain closing conditions. 

Manuel V. Pangilinan, Chairman of Mediaquest Holdings said, “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”.  

Mark Lopez, Chairman ABS CBN said “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.” 

Carlo Katigbak, President and CEO of ABS-CBN added, “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.” 

The landmark deal comes after activities between the two groups have increased with more Kapamilya programs onboarded on TV5’s Kapatid  Network.

AlphaPrimus Advisors and Picazo Buyco Tan Fider & Santos advised the MediaQuest group on this transaction while the law firms of Romulo  Mabanta and Quiason Makalintal advised ABS-CBN.  



61 comments:

  1. Good news, sana wala na kasi network wars mag tulungan nalang para sa ikaaangat at improvement ng mga palabas. Sa totoo lang ang tamlay tamlay ng entertainment industry ngayon karamihan kasi ng mga artista nag vlog nalang.

    ReplyDelete
    Replies
    1. True. Ang nagsisimula lang naman kasi ng network war na yan ay ang mga utak lamok na fans.

      Delete
    2. Actually abs nagpauso ng network war,,

      Delete
    3. 5:12 Mga TV Networks at mga artista mismo ang nagsimula ng network war na yan.

      Delete
    4. 5:12 … ng ABS hehe

      Delete
    5. Hahahaha 2:58 is the living example

      Delete
    6. Napaghahalataan ka 2:58

      Delete
    7. Sa true lang, yang ABS ang nagstart ng exclusivity ng stars at network war.

      Delete
  2. No more exclusive contracts please. Marami ng nasayang na series na di nagrate dahil sa Network wars na yan.

    ReplyDelete
    Replies
    1. Ang abs cbn naman ang pasimuno noon sa mga exclusive ek ek na yan, which paved the way para magkaroon ng network wars resulting also to overly die hard toxic fans ng network

      Delete
    2. 10:45 true ABS talaga mahilig sa ganyan. ang yabang kasi. how the mighty have fallen. kaya dapat humble lang eh

      Delete
    3. May explanation si Mr. M dati kung bakit nag-exclusive sila ng artists. Dati kasi kumukuha sila mga artista like Viva Artists Agency na pag sikat mahal ang talent fee and at that time pasimula pa lamg ulit ang ABS mula sa pagkasara, kaya nabuo ang Star Magic para magdevelop ng papasikatin nila. And di sila mapapagastos masyado sa malaking talent fee kasi mula mismo sa bakuran nila ang artista. Kaya exclusive kasi alangan naman sila nagpasikat sa artista tapos makikita siya sa kabila diba e yung agency nga nila gumastos sa pag groom nila sa artista na yun.

      Delete
    4. Ay naku, nag-umpisa na kayo sa network wars hindi niyo lang incoming. Basahin niyo ang post niyo.

      Delete
  3. Finally may manonood na sa TV5. Sa tagal nila on air wala man lang tumatak na programa.

    ReplyDelete
    Replies
    1. Bakit sa A2Z walang nanunuod at flop parin?

      Delete
    2. Kapuso here! Tumatak yung Talentadong Pinoy baks.

      Delete
    3. Magaganda shows ng TV5 dati.

      Delete
    4. 2:53 yes agree sumikat yan at yung wow mali fave ko yan

      Delete
    5. Talentadong pinoy, sing galing, wow mali, face to face! Raffy tulfo nawala lang kasi nag senador na sya

      Delete
  4. good para sa ekonomiya ng entertainment industries.. more jobs tigilan na politika. dami tuloy nawalan trabaho dahil dyan.

    ReplyDelete
  5. You can never really put a good company down

    ReplyDelete
    Replies
    1. Wag ka nang mag pasaring nagdo-draw ka pa ng division, away, or argument. OK na oh good news na wag nang haluan pa ng negativity.

      Delete
    2. Ikaw yata ang negative te

      Delete
    3. 12:56 anong negative dun??? - not 10:33

      Delete
    4. Good company? Lol

      Delete
    5. 1256 baka para kay Marcoleta na bitter pa din kahit nagpa Ads pa sa abs

      Delete
    6. They not good in the 1st place kaya napasara. Siguro naman this time alam na nila to not get involve in politics. News Lang wag fersonalin.

      Delete
  6. Finally!!! Wala ng gana manood ng tv mula ng mawala abs.. magaganda tlaga content ng abs aminin!

    ReplyDelete
    Replies
    1. Ikaw lang accla! Kase sa ABS lang umiikot ang mundo mo. Kaya may network war dahil sa mga tulad mo 🙄

      Delete
    2. di rin. overhyped lang. props to their marketing/PR team

      Delete
    3. Exclusivity is part of their marketing…wag kc kayo nega about that. Syempre naginvest sila sa talent pra lang makita kung saan saan network?! Kalurks

      Delete
    4. 11:21 Kung maganda sa yo ang FPJAP, then I rest my case.

      Delete
    5. 3:56 hahaha, that’s world class to them 🤣

      Delete
  7. Smart move. If you can't beat them, join them.

    ReplyDelete
  8. Wag na tayong nega para masaya lahat, good for the workers
    Abs cbn tv5 partnership and abs cbn gma 7 din in the future para masaya lahat go go go

    ReplyDelete
  9. May cash pa rin ang nga lopez akala kasi nila porket wala franchise abs cbn e babagsak na ang mga lopez, di alam ng karamihan dosena po ang kumpanya na owned by Lopez almost half trillion nga ang worth ng mga company na iyan bongga

    ReplyDelete
    Replies
    1. Kaya pala hinayaan na lang nilang mawalan ng work ang maraming empleyado at talents at lumipat sa ibang istasyon.

      Delete
    2. Kinailangan mag layoff kasi wala naman projects. Alangan na regular ka nasahod tas wala naman kita at trabaho. If im not mistaken binayaran ang mga empleyado

      Delete
    3. 12:56 alangan naman gamitin nila anh budget sa ibang company nila sa abs cbn di po pwede yan, pero now abs cbn is doing good na hire na ulit yung iba

      Delete
  10. 11:21 really? Maganda lang sa umpisa kamo. Si Marcoleta pinapaimbestigahan agad

    ReplyDelete
  11. Yayabang pa rin mga fans ABS kahit walang franchise, Nakiki airtime lang naman sa ibang channel. Kayo din nagsimula exclusivity kaya nagkaroon network wars.

    ReplyDelete
    Replies
    1. True feeling high and mighty pa din hahaha

      Delete
    2. Kelan kaya sila matututo at magpapakumbaba?

      Delete
    3. I think hindi sila mayabang. May paninindigan lang sila. Kc victim cla ng martial law kaya syempre may trauma cla sa mga marcos. Be open minded. Hindi nyo kc npagdaanan ang mga nangyari sa kanila.

      Delete
  12. matanda na si Pangilinan baka ibinta sakanila soon.

    ReplyDelete
    Replies
    1. Ganyan nga ang plan as you can see bumi ng shares ng abs cbn pag kumita na sila they will buy more hanggang kanila na

      Delete
  13. May bagong partnership din daw ang GMA at ABS-CBN accdg to Mr. Gozon

    ReplyDelete
    Replies
    1. sa GMA naman ipapalabas mga star cinema movies

      Delete
  14. Siguro kung meron mang magandang naidulot ang pagkawala ng prangkisa ng ABS, eto yung flexible na sila to work with other networks. Walang exclusivity. Inclusive na. Working both with GMA and TV5. Sana ganun rin sa mga artists nila.

    ReplyDelete
    Replies
    1. Di rin naging flexible lang sila nung nagblacktime sa a2z and tv5,,, remember grabeng bashing inabot nila maja and piolo nung nagkashow sila sa tv5 noon... Pero nung need na ng abs anbbfree tv sa tv5 din pala ang punta

      Delete
  15. Andaming bitter dito sa thread. Puro kanegahan

    ReplyDelete
  16. sana may reboot ng Wow Mali! hehehe! kahit sa skycable eh pangit ng reception ng TV5 hanggang ngayon! haist!

    ReplyDelete
  17. Lol kapamilya fans forgetting that ABS started the exclusivity and network wars? Like tf...

    ReplyDelete
  18. as expected kaya nauna na nila pwinesto sa tv5 ang ilang key personalities, becoz thats how u do it in corporate... soon madodominate nila yan hanggang maging kanlia na.

    ReplyDelete
  19. Magaling makipag usap si sir carlo, wala naman sya kinalaman kung ano nagyari sa abs under lopez pa yun now ina ayos nya, congratulations sa kanya hay pasalamat mga lopez sa kanya

    ReplyDelete
    Replies
    1. Carlo katigbak is also a Lopez. His mom is a Lopez. Hindi nila ipagtitiwala ang ABS sa Hindi kamaganak

      Delete
    2. Lopez din po siya. Carlo Lopez Katigbak

      Delete
  20. Kamusta naman yun latest chika mga ka-co-maritess ko about TV 5's alleged possible violation of IN HOUSE NO. 280 and 281?

    ReplyDelete