ABS-CBN Ventures Into Cinema Management with Citymall
ABS-CBN Corporation, the country’s leading media and entertainment company, has entered into an agreement with CityMall Commercial Centers, Inc. (CMCCI), to manage the cinemas of the growing independent community mall chain across Luzon, the Visayas and Mindanao.
Under the partnership, ABS-CBN shall manage the booking and the food & beverage operations of CityMall’s mini theaters, while CMCCI, a subsidiary of DoubleDragon Properties Corp., will build and open the cinema infrastructure.
The theaters will be built in CityMall branches in Tagum, Davao, Victorias, Negros Occidental, Anabu, Imus, Cotabato City, Bulua, Cagayan de Oro, Koronadal City, Consolacion, Cebu, Mandalagan, Bacolod City, Sta. Rosa, Nueva Ecija, and Dumaguete, Negros Oriental.
As CityMall’s cinemas’ booking agent, ABS-CBN shall determine what movies shall be screened, including the regular screening of Star Cinema productions.
ABS-CBN chairman Eugenio Lopez III, ABS-CBN president and CEO Carlo Katigbak, ABS-CBN group chief finance officer Rolando Valdueza, Star Creatives chief operating officer Malou Santos signed the partnership together with CityMall Commercial Centers, Inc. chairman Edgar Sia II and president Ferdinand Sia.
ABS-CBN’s venture into cinema management is part of the company’s consumer business, which now accounts for P17 billion in annual revenues, or 45% of total company revenues, with the remaining 55% percent generated from advertising. It is generated from three types of businesses, namely subscription, ticketed experiences, and durable goods.
ABS-CBN recently reported a consolidated revenue of P31.1 billion for the first nine months of 2016, with a net income to PHP 2.85 billion, 50% higher compared to the same period last year.
ABS-CBN is home to the nation’s top-rating TV programs, box-office films, and best-selling books and music. With the ability to harness the latest in technology and innovation, the company is rapidly transitioning into an agile digital company with the biggest online presence among all media companies, and a growing list of digital properties. ABS-CBN was also first in the country to offer content online and on mobile, and even pioneered digital television in the nation.
CONGRATULATIONS ABS-CBN, ASTIG TALAGA KAYO, YUNG KAMPON NI SATANAS NA SI SAM KUNG MAKABANGGIT NG DIYOS, PARANG ANG LINIS LINIS NG BUNGAGA, KANGUSONG TANGA KA DIN NAMAN, BAKIT DI MO NA LANG PANUORIN NG PAULIT ULIT ANG PELIKULA NI VIC BABALU NA WALANG KWENTA,
E MAS BAKLA KA PA NGA E SAM, WAHAHAHA
tulad nalng ng movie na unkabogable ni vice bakla,kabaklaan ang tunay na prinoproject nya dilng sa pelikula kundi sa tunay na buhay kya masama syang impluwensya sa mga taong nauuto nya na manood ng knyang pelikula !Dapt kumilos yang lalaki parin kc hindi tama na bakla na nga ay ibinblndra mu pa ;behave inga ,at kung tomboy dapt magpakababaeng kumilos at mgsalita .The Filipino people desrve a worth-watching movie, not a trash…
Congrats abs-cbn!!!
kalurkey si sam oh dinadamay pa ang imginty friend nia na walang ginagawa sa kaliwat kanang patayan hahaha
Natawa ako sa comment ni Sam. Halatang ignorante.
Kapag kumita bigay bonus tapos invest di tulad ng isang network yung tatlong top executives diretso sa bulsa kaya nasa top 25 ng Forbes richest in Asia. Maginvest man sila hindi sA network kundi ibang business. Ngayon Lang magdigitalized at .5billion pesos samantalang Ang ABS invested 3 billion pesos almost 4 years ago.
Bakit hindi mo gawin.hahaha
ok lng kung sana mabbubuting movies ang pinoproduce e mostly hindi namn at puro kabaklaan at immoralidad ang tema ng movies na hindi mabuting impluwensya sa mga Pilipino! dapt ung tema ay ung may values at tungkol sa Diyos,tungkol sa kaligtasan ng kaluluwa ng mga tao.kc hindi biro ang masunog sa impyerno ang kaluluwa mu doon ng walang hanggan!
GOOD JOB KAPAMILYA EXECUTIVES