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Submission declined on 3 April 2024 by
ToadetteEdit (
talk).
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This draft has been resubmitted and is currently awaiting re-review. |  |
Comment: Not quite yet! Sources 3-6 does not discusses about the subject but rather about the tie-in.
Toadette (
Let's talk together!) 07:45, 3 April 2024 (UTC)
| Company type | Private |
|---|---|
| Founded | June 30, 2023 |
| Headquarters | For ABS-CBN ABS-CBN Broadcasting Center, Sgt. Esguerra Ave. corner Mother Ignacia street, Diliman, Quezon City For Prime Media 16/F BDO Towers Valero, 8741 Paseo de Roxas, Legaspi Village, Makati |
Key people | Marah Capuyan (President) |
| Products |
DWPM Radyo 630 TeleRadyo Serbisyo |
| Owner |
Prime Media Holdings, Inc. (51%) ABS-CBN Corporation (49%) |
Media Serbisyo Production Corporation (MSPC) is a Philippine production company owned by Prime Media Holdings, Inc. and ABS-CBN Corporation under a joint venture agreement. [1] [2] [3]
History
On May 23, 2023, ABS-CBN Corporation announced that the company will enter into a joint venture agreement with Prime Media Holdings, owned by House Speaker Representative Martin Romualdez. [4] The new venture company will produce and supply various programs including news content to broadcasters and third-party entities, including Philippine Collective Media Corporation (PCMC). Along with it are plans to operate a radio station on ABS-CBN's former frequency 630 kHz (previously known as DZMM), and managing the Filipino-language cable news channel TeleRadyo (which was originally intended to cease its broadcast on June 30, but was abruptly cancelled and reduced to closing out most of its old concurrent programs instead). On June 26, 2023, 630 kHz conducted a test broadcast under the DWPM callsign. The station and its TV counterpart had its soft launch on June 30 as Radyo 630 and TeleRadyo Serbisyo and officially launched on July 17. [5] [6]
MSPC plans to expand into digital space while working longer hours. [7] Since the start of the collaboration, MSPC has witnessed a growth in the viewership on their pay television channel, TeleRadyo Serbisyo. [8]
On May 27, 2024, TeleRadyo Serbisyo commenced airing on digital free TV via Prime TV on BEAM TV's subchannel, operated by Philippine Collective Media Corporation. [9]
Ownership
Prime Media Holdings, Inc. acquires the company as the majority stakeholder, while ABS-CBN acquires as the minority stakeholder. [10]
- Prime Media Holdings, Inc. - (51%)
- ABS-CBN Corporation - (49%)
References
- ^ De Castro, Jr., Isagani (December 7, 2023). "FAST FACTS: Media Serbisyo, Martin Romualdez's joint venture with ABS-CBN". Rappler.
- ^ "Unlikely partners make media inroads". Daily Tribune. October 6, 2023.
- ^ "Media Serbisyo Production Corporation". Media Ownership Monitor Philippines.
- ^ "ABS-CBN strikes deal with Prime Media". The Philippine Star. May 24, 2023.
- ^ De Castro, Jr., Isagani (June 26, 2023). "Former ABS-CBN radio 630 in AM band back on air as DWPM". Rappler.
- ^ De Castro, Jr., Isagani (June 30, 2023). "The politics of radio: New station DWPM Radyo 630 is born". Rappler.
- ^ "Prime Media, ABS-CBN deal to expand digital space". Manila Bulletin. October 6, 2023.
- ^ "Prime Media and ABS-CBN's collaboration sets the stage for future growth in broadcasting". Bilyonaryo. October 8, 2023.
- ^ De Castro Jr., Isagani (June 5, 2024). "Speaker Romualdez expands media business, launches digital TV channel". Rappler.
- ^ "Prime Media says tie-up with ABS-CBN to focus on producing 'accurate and balanced news'". The Philippine Star. May 29, 2023.
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in-depth (not just brief mentions about the subject or routine announcements)
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reliable
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secondary
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strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.