ABS-CBN looks to expand media partnerships

MANILA, Philippines — ABS-CBN Corp. is keeping the door open to more partnerships with other media companies as it strengthens its focus on a content-driven business model after losing its broadcast franchise.

In its annual stockholders’ meeting on Wednesday, ABS-CBN chief partnerships officer Roberto Barreiro said it would continue exploring collaborations that could expand the reach of its content.

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“As a content company, ABS-CBN will continue to explore opportunities to create more content and serve its various publics as best as it can,” Barreiro said.

“We are open to working with other media companies under terms that are beneficial to the company,” he added.

Barreiro was responding to a shareholder who asked whether ABS-CBN was studying separate joint ventures with GMA Network and MediaQuest Ventures covering television, streaming, film, music, live events and content production.

“We no longer depend on owning platforms to reach audiences, instead building partnerships that would have once seemed impossible,” ABS-CBN president and CEO Carlo Katigbak said.

The company is also continuing to streamline its physical footprint. ABS-CBN said Ayala Land Inc. will receive the portion of its Quezon City property by mid-2027.

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After the turnover, all of its Quezon City-based operating units will be housed in the Eugenio Lopez Communications Center and Gina Lopez Building, according to head of real estate and development Grant Orbeta.

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“This is a new ABS-CBN that we are building, faithful to our mission of public service, but adapting to a different time and circumstance,” Katigbak said. /pai