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ABS-CBN Corporation

This article is about the Filipino media and entertainment conglomerate. For the defunct free-to-air channel referred to as the Kapamilya Network, see ABS-CBN.
"ABS-CBN Broadcasting Corporation" redirects here. For other uses, see ABS-CBN (disambiguation).
ABS-CBN Corporation
ABS-CBN
Formerly
  • Bolinao Electronics Corporation (1946–1952, 1957–1967)
  • Alto Sales Corporation (1952–1957)
  • Chronicle Broadcasting Network, Inc. (1956–1957)
  • ABS-CBN Broadcasting Corporation (1967–1972; 1986–2007)[a]
Company typePublic
PSE: ABS
IndustryRadio broadcasting
Mass media
Entertainment
FoundedJuly 11, 1946; 78 years ago (1946-07-11)
Founders
HeadquartersABS-CBN Broadcasting Center, Sgt. Esguerra Avenue corner Mother Ignacia Street,
Diliman, Quezon City, Metro Manila
,
Philippines
Area served
Worldwide
Key people
ProductsFilms
Music
Television programs
Web portals
Brands
ServicesBroadcasting
Motion pictures
TV production
Cable television
Internet
Streaming service
Broadcast syndication
Record label
Telecommunications
Satellite television
Film distribution
RevenueSteady ₱18.51 billion (2023)
Decrease ₱−12.59 billion (2023)
Decrease ₱−12.83 billion (2023)
Total assetsIncrease ₱53.10 billion (2023)
Total equityDecrease ₱9.23 billion (2023)
Owner
Number of employees
5,279 (2023)
Divisions
SubsidiariesList of subsidiaries
Websitewww.abs-cbn.com
Footnotes / references
[1][2][3][4]

ABS-CBN Corporation[b] is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest entertainment television and film production, program syndication provider, film distributor and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation, which is owned by the López family.[5] ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN). The conglomerate is metonymically called as "Ignacia" due to the location of its headquarters ABS-CBN Broadcasting Center along Mother Ignacia Street in Quezon City.

ABS was founded in 1946 by American electronics engineer James Lindenberg as Bolinao Electronics Corporation (BEC). In 1952, BEC was renamed Alto Broadcasting System (ABS) with its corporate name, Alto Sales Corporation after Judge Antonio Quirino, brother of President Elpidio Quirino, purchased the company and later launched the first TV station in the country, DZAQ-TV on October 23, 1953. The company that would later be merged with ABS to form ABS-CBN was founded in 1956 as Chronicle Broadcasting Network, Inc. (CBN) by Eugenio Lopez Sr. and his brother Fernando Lopez, who was the sitting Vice President of the Philippines. A year later, the Lopezes acquired ABS. The ABS-CBN brand was first used on television in 1961.

The conglomerate became known as ABS-CBN Broadcasting Corporation on February 1, 1967. It then changed its corporate name to ABS-CBN Corporation in August 2007 where it dropped the word "Broadcasting" on primary uses, to signify its diversification.[6] Due to the change in the conglomerate's name, the ABS-CBN Broadcasting Corporation name is now used as the company's alternative and secondary name in certain contexts. The common shares of ABS-CBN were first traded on the Philippine Stock Exchange in July 1992 under the ticker symbol ABS.[7]

Due to being denied for another 25-year free-to-air broadcasting franchise by the Philippine Congress, the conglomerate now mainly focuses on working as a content company, which includes producing television programs, films and other entertainment contents and distributions.[8]


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  1. ^ "ABS-CBN Corporation - Company Information". PSE Edge. Philippine Stock Exchange. Retrieved June 5, 2024.
  2. ^ "ABS-CBN elects Gabby Lopez as chairman emeritus, Mark Lopez as chairman". ABS-CBN News. April 19, 2018. Retrieved April 19, 2018.
  3. ^ PSE Disclosure Form POR-1 (Public Ownership Report) (Report). Philippine Stock Exchange. April 22, 2021.
  4. ^ 2023 Annual Report (Report). ABS-CBN. April 16, 2024. Retrieved April 26, 2024.
  5. ^ For citations about ABS-CBN Corporation being the largest entertainment and media conglomerate in the Philippines:
  6. ^ Cite error: The named reference corporatename was invoked but never defined (see the help page).
  7. ^ "ABS-CBN Corporation stock data". PSE EDGE portal. Philippine Stock Exchange. April 13, 2018. Stock Data > Listing Date. Retrieved April 13, 2018.
  8. ^ "ABS-CBN evolves into a content company to produce content for viewers worldwide | ABS-CBN Corporate". ABS-CBN. Retrieved October 30, 2021.
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