ABS-CBN Corporation facts for kids
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Current logo, an iteration of the 2000 logo, used since September 9, 2013.
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The ABS-CBN Broadcasting Center in Diliman, Quezon City
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Trade name
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ABS-CBN |
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Formerly
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| Public | |
| Traded as | PSE: ABS |
| Industry | Radio broadcasting Mass media Entertainment |
| Founded | June 13, 1946 |
| Founders |
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| Headquarters | ABS-CBN Broadcasting Center, Sgt. Esguerra Avenue corner Mother Ignacia Street,
Diliman, Quezon City, Metro Manila
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Philippines
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Area served
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Worldwide |
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Key people
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| Products | Films Music Television programs Web portals |
| Brands |
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| Services | Broadcasting Motion pictures TV production Cable television Internet Streaming service Broadcast syndication Record label Telecommunications Satellite television Film distribution |
| Revenue |  ₱18.51 billion (2023) |
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Operating income
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 ₱−12.59 billion (2023) |
| ₱−12.83 billion (2023) |
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| Total assets |  ₱53.10 billion (2023) |
| Total equity | ₱9.23 billion (2023) |
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Number of employees
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5,279 (2023) |
| Divisions |
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| Subsidiaries | List of subsidiaries |
ABS-CBN Corporation is a large Filipino media company located in Quezon City, Metro Manila, Philippines. It is known for producing many popular TV shows and movies. It also distributes these programs to other networks.
ABS-CBN is one of the biggest entertainment companies in the Philippines. It is part of Lopez Holdings Corporation, which is owned by the López family. The company was formed when two older companies, Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN), joined together. People sometimes call the company "Ignacia" because its main office, the ABS-CBN Broadcasting Center, is on Mother Ignacia Street in Quezon City.
ABS was started in 1946 by an American engineer named James Lindenberg. It was first called Bolinao Electronics Corporation (BEC). In 1952, BEC became Alto Broadcasting System (ABS). This happened after Antonio Quirino, whose brother was then-President Elpidio Quirino, bought the company. ABS then launched the first TV station in the Philippines in 1953.
The other company, Chronicle Broadcasting Network (CBN), was founded in 1956 by Eugenio Lopez Sr. and his brother Fernando Lopez. A year later, the Lopez brothers bought ABS. The name ABS-CBN was first used on television in 1961. The company officially became ABS-CBN Broadcasting Corporation in 1967. In 2007, its name changed to ABS-CBN Corporation to show that it was doing more than just broadcasting.
In recent years, ABS-CBN faced a challenge when the Philippine Congress did not renew its license to broadcast on free TV. Because of this, the company now mainly focuses on creating and distributing TV shows, movies, and other entertainment content.
Contents
History of ABS-CBN
Early Beginnings: Bolinao Electronics Corporation
The company began on June 13, 1946, as Bolinao Electronics Corporation (BEC). It was founded by James Lindenberg, an American engineer. He first worked on radio equipment and then started radio broadcasting. In 1949, Lindenberg began radio broadcasting with station DZBC. He also helped bring television to the Philippines in 1953.
The Start of Television Broadcasting
In 1951, Lindenberg teamed up with Antonio Quirino to try television broadcasting. Quirino was the brother of the Philippine President at that time, Elpidio Quirino. In 1952, BEC was renamed Alto Broadcasting System (ABS). The name "Alto" came from the first names of Quirino and his wife, Tony and Aleli.
Even with limited money, ABS built its TV tower by July 1953. They also brought in about 300 television sets. Test broadcasts started in September of that year. The first full TV broadcast happened on October 23, 1953. It showed a party at Tony Quirino's home. This first TV station was called DZAQ-TV.
Chronicle Broadcasting Network is Formed
On June 16, 1955, a law was signed that allowed the Manila Chronicle newspaper to start its own broadcasting company. This led to the creation of the Chronicle Broadcasting Network (CBN).
CBN was founded on September 24, 1956, by Eugenio Lopez Sr. and Fernando Lopez. Fernando Lopez was the Vice President of the Philippines at that time. CBN first focused on radio broadcasting. It launched its own TV station, DZXL-TV 9, in 1958. In February 1957, Eugenio Lopez Sr. bought ABS from Quirino and Lindenberg.
Joining Forces: ABS-CBN is Born
In 1958, the network's new main office was opened. All radio and television operations were brought together in two buildings. The radio stations were in the Chronicle Building in Intramuros, Manila. The TV operations were in the new building in Pasay, Rizal.
The name ABS-CBN was first used in 1961. However, the company's official name became ABS-CBN Broadcasting Corporation on February 1, 1967. Before this, it was still known as Bolinao Electronics Corporation (BEC).
In August 2007, the company's name was shortened to ABS-CBN Corporation. This change showed that the company was growing beyond just broadcasting. The chairman, Gabby Lopez, explained in 2010 that this change was because media was changing. Technology meant that media was no longer just about broadcasting but also about other platforms.
What ABS-CBN Owns and Does
ABS-CBN Corporation owns many major media and entertainment companies in the Philippines. It offers a wide range of services and products. These include radio and TV broadcasting, cable TV, telecommunications, and publishing. They also create and distribute content, programs, and films.
Key Channels and Services
The company owns and runs the general entertainment channel Kapamilya Channel. It also has the English-language news channel ANC. For radio, it operates DZMM and the news channel DZMM TeleRadyo (with another company). They also have a digital radio platform called MOR Entertainment.
The Kapamilya Channel is a big part of ABS-CBN's earnings. It makes money by selling advertising time. Other income comes from selling content to other networks and from consumer sales. This includes sales from ABS-CBN Global Ltd. and ABS-CBN International. These parts of the company distribute international TV channels like TFC HD and ANC Global. They also offer pay TV and internet services through Sky Cable Corporation.
Entertainment and Production
ABS-CBN also has motion picture companies under ABS-CBN Film Productions. These include Star Cinema, Cinema One Originals, Cine Bro, and Black Sheep Productions. Their main entertainment and production group is called Star Creatives Group.
They also have music record labels under ABS-CBN Music, like Star Music and Tarsier Records. Their publishing companies include ABS-CBN Publishing and ABS-CBN Books. Star Magic is their talent agency, which helps new artists.
ABS-CBN's pay TV networks and channels include ANC, Cinema One, Cine Mo!, DZMM TeleRadyo, Jeepney TV, Kapamilya Channel, Knowledge Channel, Metro Channel, and Myx.
Digital and Other Ventures
In recent years, ABS-CBN has also moved into digital platforms. These include streaming services like iWant and TFC IPTV. They also have a web-based channel called Kapamilya Online Live. Both iWant TFC and Kapamilya Online Live are part of ABS-CBN Digital Media. This division also manages their news websites, news.ABS-CBN.com and ABS-CBN.com.
ABS-CBN also owns the ABS-CBN Philharmonic Orchestra. They have ABS-CBN Studios, Inc., which runs their production facilities. This includes the ABS-CBN Soundstage in Bulacan. They also have a theater group called Teatro Kapamilya. Besides the soundstage, ABS-CBN owns many other properties used for its operations.
