Tuesday, June 11, 2019

SAMAR PROVINCIAL SANGGUNIAN APPROVES RESOLUTION IN SUPPORT TO AN ACT CREATING NORTHWEST SAMAR PROVINCE

CATBALOGAN CITY - The Sangguniang Panlalawigan of Samar, in its regular session today, June 11, 2019, passed and approved a Resolution expressing support to House Bill No. 8824 passed in Congress by Samar's First District Representative Edgar Mary Sarmiento.

House Bill No. 8824 is "An Act Creating the province of Northwestern Samar."

Authored by SP Member Julius Mancol, the Resolution gathered favorable votes from five SP Members as against four not favoring its approval.

The 4 incumbent SP Members of Samar's first district (SP Members Julius Mancol, Regina Rabuya, Mike Ayong & Alfredo Serrano) and one from the second district (SP Member Alma Uy) succeeded in resolving support to the creation of another province inclusive of one city and the municipalities of Samar's first congressional district.

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Lopez-led ABS-CBN goes into theater production

ABS-CBN Corp. is stepping into the theater scene with a recently signed partnership with Ten Bridges Media Corp., one of the companies behind Atlantis Theatrical Entertainment Group.

In a statement Monday, the Lopez-led media giant said the team-up with Ten Bridges Media involves the co-production of three Broadway musicals this year, the first of which was launched in March.

“ABS-CBN’s venture into theater production, a first for a media and entertainment company, is among the company’s efforts in expanding its experience business. It is another step forward in creating new possibilities for local theater, which has grown tremendously over the past few years, with its abundance of talent and opportunities locally,” ABS-CBN Head of Integrated Events Bobby Barreiro said in the statement.

The first ABS-CBN co-produced musical, Angels In America: Millennium Approaches, was staged in March. The second, Beautiful: The Carole King Musical, will start its run on Friday.

The last musical covered by the partnership is Sweeney Todd, which will star Tony Award winner Lea Salonga. The show is scheduled to debut in October.

Quoting Atlantis Artistic Director Bobby Garcia, ABS-CBN said the partnership will “create a greater awareness for the Philippine theatre scene and for the wondrous world class talent we have in our country on stage and off.”

ABS-CBN has been diversifying its business outside broadcast television to enter the cosmetics, financial technology and food industries, with investments in Ever Bilena Cosmetics, Inc.; iBayad Online Ventures and The Chosen Bun, Inc. It earlier said the end goal of the company is to improve how it is “selling experiences.”

The listed firm saw its attributable net income rise 89.2% to P856.35 million in the first quarter, driven by a 24.4% increase in advertising revenues at P5.4 billion. — Denise A. Valdez

https://www.bworldonline.com/lopez-led-abs-cbn-goes-into-theater-production/

ABS-CBN inks theater-production deal

Seen as a fallback measure, Lopez-led ABS-CBN seeks to make a mark in the country’s theater space after it inked a deal with Ten Bridges Media Corp./ Atlantis Theatrical for the production of three Broadway shows.

The partnership, announced only on Monday, already began in March with the staging of “Angels in America: Millenium Approaches.”

“ABS-CBN’s venture into theater production, a first for a media and entertainment company, is among the company’s efforts in expanding its experience business. It is another step forward in creating new possibilities for local theater, which has grown tremendously over the past few years, with its abundance of talent and opportunities locally,” Bobby Barreiro, ABS-CBN head of integrated events, was quoted as saying in a statement.

The second production would be “Beautiful: The Carole King Musical,” which will open on June 14.

The last production would be the Stephen Sondheim-Hugh Wheeler masterpiece “Sweeney Todd,” which will feature Tony Award winner Lea Salonga and rock icon Jett Pangan.

In April, the broadcast giant said its shareholders provided the go-signal to pursue its deals with cosmetics brand Ever Bilena Cosmetics Inc. (EBCI), information and technology firm iBayad Online Ventures, and The Chosen Bun Inc.

Japhet Louis Tantiangco, research analyst at Philstocks Financial Inc., told The Manila Times earlier these moves could “serve as a cushion” once it failed to secure franchise renewal.

“Now these investments could serve as a backup in case of a franchise lapse. But at the same time broadcasting has been the primary business of ABS-CBN plus it could help its investments through televising. So I think the firm is still going to do everything it can to renew its franchise,” he said in a mobile message.

President Rodrigo Duterte said in November he would “object” to the renewal of the network’s franchise, which is set to expire next year, amid allegations that ABS-CBN aired a political advertisement against him, without even showing Duterte’s paid campaign ad.

https://www.manilatimes.net/abs-cbn-inks-theater-production-deal/567540/