SKY CABLE PRESIDENT PROMOTED AS ABS-CBN'S CHIEF OPERATING OFFICER!

MANILA – Lopez-led ABS-CBN Corporation has named Carlo Katigbak as its new chief operating officer.

Katigbak previously served as the head of ABS-CBN Access in overseeing strategy formulation of SKY Cable Corporation, ABS-CBNmobile, and ABS-CBN TVplus.

ABS-CBN TVplus is ABS-CBN’s recently launched digital TV business.

Katigbak, a member of the ABS-CBN Board of Advisors, is currently the president of SKY Cable and managing director of Bayan Holdings Corp.

CIGNAL BEATS SKY CABLE, NOW HAILED AS THE LARGEST PAY TV OPERATOR IN PH!

MANILA - Cignal TV is now the Philippines’ biggest pay TV operator.

The country's direct-to-home pay TV provider reported that it closed last year with 845,000 subscribers, 13 percent more than the 630,000 in 2013.

The end-2014 subscriber count already surpassed Skycable’s 800,000. This, despite Sky Cable acquiring Destiny Cable  last year.

TV5 TAKES A MOVE TO CHALLENGE ABS-CBN'S IWANTTV!

SKY CABLE PLANS TO SPEND UP TO PHP2 BILLION FOR EXPANSION!

MANILA, Philippines - Sky Cable Corp., the pay TV arm of ABS-CBN Corp., is spending between P1.5 billion and P2 billion for its capital expenditures this year to help sustain the strong growth in its broadband service.

SkyCable chief operating officer Rodrigo Montinola said in an interview with reporters that the amount would be used to expand its pay TV business nationwide as it sees subscribers hitting one million over the next 24 months from the current level of 800,000.

ABS-CBN'S MARKET VALUE NOW MORE THAN DOUBLE THAN GMA NETWORK!

ABS-CBN's market value continues to soar as its diversification program gravitates attention from investors. The Media giant's market capitalization as of February 20, 2015 stood P53.17 billion, more than double the size of rival GMA Network, which saw its market value whittle to P21.11 billion. Local and foreign investors salivate with the Kapamilya Networks' foray into other businesses while maintaining its industry leadership on its traditional business. 

DUAVIT RESIGNS AS GMA'S BOARD MEMBER

In a disclosure to the Philippine Stocks Exchange (PSE), GMA Network Inc. announced the resignation of one of its Directors. Judith Vasquez has ceded her position in the board of directors to make way for her other business venture. Vasquez is a member of the Duavit family, one of the three controlling families of the Media giant. 

SKY CABLE EYES 1 MILLION SUBSCRIBERS AS IT EXPANDS OUTSIDE METRO MANILA!

MANILA – SkyCable Corp., the cable and broadband unit of ABS-CBN Corp., is targeting to reach one million subscribers over the next two years as it expands services outside Metro Manila.

ABS-CBN MOBILES AIMS BREACH 3 MILLION SUBSCRIBERS BY END 2015!

MANILA – ABS-CBNmobile, the mobile arm of ABS-CBN Corp., is looking to increase its subscriber base to 3 million this year, double the number of subscribers it had at the end of 2014.

ABS-CBNmobile initially set a target of 2 million subscribers to break even, but ABS-CBN Access head Carlo Katigbak said the target was raised due to a decline in average revenue per user (ARPU).

“We have quite a challenge this year. I think our goal is to bring this up to about 3 million customers, double to where we came from at the end of last year,” he said.

ABS-CBN UNVEILS THE FIRST DTT SERVICE IN THE PHILIPPINES!

MANILA – ABS-CBN ushered in a new era in Philippine television with the launch of its new digital service on Wednesday.

ABS-CBN TVplus, popularly known as “The Mahiwagang Black Box,” was unveiled by executives of the media conglomerate led by its chairman Eugenio “Gabby” Lopez III, and president and chief executive Charo Santos-Concio in a ceremonial switch-on event held inside the ABS-CBN compound in Quezon City.

Lopez said digital terrestrial TV (DTT) is a major investment of ABS-CBN, calling it “the future of TV” and “the biggest innovation on free TV today.”