As the media giant pursues its path to recovery.
In separate statements on Wednesday, September 30, content production giant ABS-CBN Corporation announced that its shareholders have approved the PHP6-billion worth of new investment in the company.
The said infusion came from companies representing three branches of the Lopez family — Crème Investment Corporation, Mantes Corporation, and Presta Holding Company, Inc that committed to buying shares using personal resources.
Lopez Inc., which is the conglomerate of the family, will also subscribe to additional ABS-CBN shares, according to the media company.
Meanwhile, I&C Holdings Corp., a 100% Philippine-owned private investment firm that invests in long-term company turn-around, will subscribe to ABS-CBN shares.
Shareholders likewise approved to increase in the company’s authorized capital stock from PHP1.5 billion to PHP4.5 billion, as well as the addition of two more board seats that will see it grow to nine to accommodate representatives of the additional investors.
Both approved changes by stockholders, who representer 83% of ABS-CBN’s outstanding voting shares, will be submitted to the Securities and Exchange Commission for approval.
“The approved changes to ABS-CBN’s Articles of Incorporation, including the increase in the number of shares the company may issue and the expansion of its Board, will be submitted to the Securities and Exchange Commission for approval,” the company added.
Meanwhile, in a separate note, ABS-CBN also emphasized that it will remain a Lopez-led company as new investments come in as part of its efforts to build the new version of the business.
For H1 2026, ABS-CBN reported the consolidated net loss of PHP1.83 billion, which isba 115% increase versus PHP852 million it logged during H1 2025.
Delving into their core Content Production and Distribution business, it generated PHP5.76 billion in revenue for the first half of 2026, which 9% lower than the same period last year when it posted P6.355 billion.
Setting aside political advertising and one-off items in both years, the segment’s recurring net loss showed a 1% improvement, while its expenses were also relatively flat compared to the same period in 2025.
As regards to the Content Production and Distribution segment’s EBITDA, it was -P509 million, compared to P190 million it posted in H1 2025.
Last September 15, the company conducted another round of layoffs, which affected 230 workers, as part of its rebuilding efforts.
ABS-CBN formerly operated the Philippines’ largest broadcast network on terrestrial radio and television. In 2020, that was shut down after the Congress did not grant the media giant’s bid to have its broadcast franchise renewed.
Since then, it has pivoted into a Content Production and Distribution company, with its programs aired not only on its own platforms on cable and digital, but also on its erstwhile rivals like GMA, TV5, Zoe Broadcasting Network (A2Z), and Advanced Media Broadcasting System (AMBS).
Moreover, the Kapamilya network embraced the advent of streaming, with its shows available on its own iWant app, Netflix, Prime Video, HBO Max, Viu, and other partners.
