This, as the media company seeks to build a new building beside its current Mandaluyong headquarters.
On Monday, February 10, Mediaquest, Golden Pacific, and TV personality Willie Revillame signed a deal for the construction of a 10-storey building, called ‘MVP Quest,’ beside the TV5 Media Center in Mandaluyong City.
As per Mediaquest President and CEO Jane J. Basas, ‘MVP Quest’ will be the new location of ‘Wil To Win,’ the afternoon game show of the network.
At present, the show is being produced live from TV5’s Novaliches studios in Quezon City.
Moving forward, Basas told, the media company will be letting go of the one hectare site.
This, as Mediaquest is said to be seeking the sale of the original TV5 complex, with proceeds partly going to fund the construction of the new ‘MVP Quest’ building.
“So part of the funds that we will use to build will be coming from the proceeds of the sale of Novaliches,” Jane Basas was quoted saying in a report published by Philstar.
It is currently unknown when the transaction would take place and the potential buyers.
The Novaliches studios were purpose-built by the group led by the late Edward Tan for the 1992 relaunch of what was then the Associated Broadcasting Company (ABC) on channel 5.
The ABC Studios, as it was known back then, was the home of ‘Sing Galing,’ and the first local adaptations of ‘The Price Is Right’ and ‘Wheel of Fortune.’
The facility survived the changing of owners, as well as the rebrand of the station itself as TV5 in 2008, having served as the network’s main headquarters until December 2013.
By the end of that year, departments like News5 started the gradual shift of their operations to the TV5 Media Center, which began construction in 2011 with the aim to consolidate the operations and production of programs under one roof.
Since then, only select productions were filmed in the Quezon City property, with recent examples since 2020 being the likes of game and variety shows ‘Masked Singer Pilipinas,’ ‘Rolling In It Philippines,’ and ‘Spingo.’