ABS-CBN, a privately owned Filipino entertainment and media company headquartered in the Philippines, was founded in 1953. Operating as a tier 1 media tech buyer, the company employs an estimated 6,000 individuals and reported $379.8M in revenue as of 2023. It specializes in broadcast television and radio.
ABS-CBN Corp. on August 4 denied reports that it was in talks to hand over management control to companies linked to businessman Manuel V. Pangilinan, specifically naming MediaQuest Holdings Inc. or TV5 Network Inc., calling the claims inaccurate. This denial followed earlier reports on August 3 that suggested a ₱3.5-billion rescue package was lined up for the broadcast company from an investor group led by Ramon S. Ang, with Pangilinan's group eyed to run the network.
ABS-CBN offers 2 products in the media and telecoms services industry. ABS-CBN's product portfolio comprises of other media and broadcast television and radio.
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ABS-CBN's revenues were less than $500M in 2023. Caretta Research has split ABS-CBN's revenue into 2 different product categories, the largest of which is linear (thematic channel groups). For full access to ABS-CBN's revenue breakdown subscribe to Caretta Portal.
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